US & China Race for Critical Minerals

Jefferies report highlights the surging significance of critical minerals, like rare earth materials, in the global shift towards renewable energy and AI. Chinas dominance in these resources, crucial for industries like electric vehicles and semiconductors, has led the U.S. to adopt a similar approach, supporting domestic companies. This year, shares of American rare earth companies have seen volatility as investors anticipate potential government deals. However, increased government involvement in the mining sector, while aimed at reducing U.S. reliance on Chinese imports, could create new tensions between a companys duty to shareholders and broader national goals.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.