To Beat a State-Capitalist Rival, Washington Became One: Inside the New Critical Minerals Race

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On July 10, almost exactly a year after the Pentagon announced it was becoming the largest shareholder in MP Materials, the International Energy Agency put a number on what that deal was designed to prevent: $6.5 trillion in global downstream production now sits exposed to China’s rare-earth export curbs — restrictions currently suspended under an [...] The post To Beat a State-Capitalist Rival, Washington Became One: Inside the New Critical Minerals Race appeared first on Modern Diplomacy .