Pentagon steps up stockpiling of critical minerals with $1bn buying spree
Trump administration challenges Chinese dominance of supply chain for metals essential to defence industry
Trump administration challenges Chinese dominance of supply chain for metals essential to defence industry

Unusual agreement follows growing concern in Washington over Chinese dominance of crucial weapons materials

Brussels to launch consultation by year-end on stockpiling minerals crucial for defence and green tech

The US is funnelling materials such as cobalt and graphite into national defence rather than new climate technologies

European policymakers are racing to secure raw materials after Beijing imposed export controls earlier this month

Trump administration plans to set price floors, create strategic minerals reserve and take equity stakes

Equity stake in Atlantic Alumina Co is part of drive to counter Chinese dominance of critical metal supply chains