U.S. Vice President J.D. Vance revealed on Wednesday plans to rally allies into a trade bloc for critical minerals based on preferential treatment, in a move to counter China. This initiative aims to create alternative supply chains and reduce dependence on Beijing. According to the vice president, the new effort will strengthen the economic security of the U.S. and its partners. Currently, China dominates the market for many key minerals essential for technology and defense. The new trade structure is designed to change this dynamic and ensure stable supplies.
