Fortune Minerals Limited. T.FT

China’s Grip on Critical Minerals Draws Warnings at IEA

[Allman]

Some strong words from the US Energy Secretary today; let's see how this translates into Clean Vehicle tax credit guidance later this year. With the lack of progress and/or visibility on the FT front, you'd almost think these politicians are gaslighting.

US Energy Secretary Jennifer Granholm said the world is up against a dominant supplier of critical minerals that is willing to exploit its position for political gain, in remarks apparently aimed at China, and warned that energy security will become increasingly complex due to the transition to cleaner power. ...

“In this critical minerals and materials context we are up against a dominant supplier that is willing to weaponize market power for political gain,” Granholm said. “But our global energy crisis has taken on a new dimension, which is the urgency of this clean energy transition.” ...

Granholm and other speakers didn’t explicitly identify China by name in their comments, but the Asian nation is known to dominate the entire value chain of many key minerals. China accounts for more than half the world’s production of battery metals including lithium, cobalt and manganese, and as much as 100% of rare earths.

https://www.bnnbloomberg.ca/china-s-grip-on-critical-minerals-draws-warnings-at-iea-gathering-1.1977750