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US may take strategic stakes in rare earths companies to tackle China ‘power grab’ (www.theguardian.com)

submitted 2 weeks ago by Powderhorn@beehaw.org to c/news@beehaw.org

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If you want to read coverage about a whole bunch of bullshit being spat out by the junta, perhaps this is a fun story to read.

Here, I'll quote the only graf you need to read to get what's going on.

Treasury secretary Scott Bessent told an event on Wednesday that China’s dramatic new restrictions on rare earth minerals and magnets demonstrated the need for the US to be self-sufficient in critical materials or rely more on trusted allies.

Um, what trusted allies?

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[–] hanrahan@piefed.social 1 points 2 weeks ago

Commies /s