Biden aide floats critical minerals marketplace to cut China dependency

WASHINGTON — The United States and its allies and partners will make “moral progress” in creating a market for critical minerals in the next few weeks to bolster resilience against China's dominance in the sector, National Security Adviser Jake Sullivan said Wednesday.

Speaking at the Brookings Institution think tank, President Joe Biden's top aide highlighted the risk of heavy concentration of critical minerals in China and Beijing's method of artificially lowering prices to keep competitors out of the market.