The United States and the European Union signed a memorandum of understanding on April 24 for a partnership on critical minerals.
While the plan does not specifically mention China, it comes as part of a broader push by the Trump administration to work with Western allies to loosen the Chinese Communist Party’s (CCP’s) grip on critical materials.
China controls roughly 90 percent of global capacity for the processing, smelting, and separation of all such materials, as well as for the manufacturing of magnetic materials.
U.S. Secretary of State Marco Rubio said the agreement reflected growing concern among Western economies about supply chain concentration….