Breaking China's stranglehold on supplies of the critical minerals is likely to take at least a decade, experts say.

Shares of U.S.-listed companies related to the rare earth supply chain climbed on Monday.

The US and Australia agreed to a framework that includes investments in projects to expand mining and processing of rare earth and critical minerals.

Breaking China's stranglehold on supplies of the critical minerals is likely to take at least a decade, experts say.

China’s Ministry of Foreign Affairs on Tuesday said resource-rich countries should play a proactive role in bolstering their rare earth supply chains.