China's Mineral Monopoly Threatens American Jobs and Security
Submitted by MAGA
Posted 2 hours ago
### China's Grip on Global Minerals: A Looming Threat to America
A recent bipartisan congressional report reveals alarming insights into China's insidious manipulation of global mineral markets, a strategy that poses a significant risk to U.S. national security and economic stability.
The House Select Committee on the Chinese Communist Party (CCP) unveiled its findings in the "Predatory Pricing" report, which exposes the lengths to which China has gone to dominate the critical minerals sector.
From essential components in smartphones to vital materials for the defense industry, each American relies heavily on minerals that the CCP has targeted for manipulation.
Committee Chair Rep. John Moolenaar (R-Mich.) emphasized the urgency of the situation, stating, "China has a loaded gun that is pointed at our economy, and we must act quickly."
The report highlights that the Chinese government subsidizes its mining companies with billions and provides zero-interest loans to consolidate its dominance over global mineral resources.
This strategy is deeply concerning, involving a calculated approach to lure in Western companies under the guise of cooperation, only to engage in predatory pricing that decimates competition.
By artificially lowering market prices, China has not only driven American miners out of business but has also jeopardized jobs across the country—an outcome that underscores the consequences of our reliance on foreign minerals.
The investigation revealed that China's manipulation of mineral prices is not merely an economic tactic but a geopolitical weapon, allowing the CCP to influence global markets to its advantage.
China has long followed a calculated plan to control the rare-earth element supply chain, making this a crucial issue for U.S. lawmakers. The report outlines a coordinated, decades-long scheme by the CCP to keep prices low, ensuring limited Western involvement in this essential market.
As we face this growing threat, the report recommends several key actions, including the establishment of a "critical minerals czar" to streamline U.S. mining and recovery efforts.
Additionally, it suggests expediting permits for domestic mining to bolster our own resources and develop a Strategic Resources Reserve akin to the federal reserve for oil.
The urgency to tackle this crisis cannot be overstated.
With China’s aggressive tactics potentially empowering a hostile regime, the need for a robust American strategy on mineral resources is paramount.
Lawmakers must prioritize policies that not only secure our mineral supply chains but also shield American industries from unfair foreign competition.
As the report demonstrates, addressing the CCP's manipulation is vital for preserving American jobs and ensuring national security.
America must act now to reclaim its position as a leader in global mineral markets before it's too late.
Sources:
eff.org
zerohedge.com
lite.cnn.com
A recent bipartisan congressional report reveals alarming insights into China's insidious manipulation of global mineral markets, a strategy that poses a significant risk to U.S. national security and economic stability.
The House Select Committee on the Chinese Communist Party (CCP) unveiled its findings in the "Predatory Pricing" report, which exposes the lengths to which China has gone to dominate the critical minerals sector.
From essential components in smartphones to vital materials for the defense industry, each American relies heavily on minerals that the CCP has targeted for manipulation.
Committee Chair Rep. John Moolenaar (R-Mich.) emphasized the urgency of the situation, stating, "China has a loaded gun that is pointed at our economy, and we must act quickly."
The report highlights that the Chinese government subsidizes its mining companies with billions and provides zero-interest loans to consolidate its dominance over global mineral resources.
This strategy is deeply concerning, involving a calculated approach to lure in Western companies under the guise of cooperation, only to engage in predatory pricing that decimates competition.
By artificially lowering market prices, China has not only driven American miners out of business but has also jeopardized jobs across the country—an outcome that underscores the consequences of our reliance on foreign minerals.
The investigation revealed that China's manipulation of mineral prices is not merely an economic tactic but a geopolitical weapon, allowing the CCP to influence global markets to its advantage.
China has long followed a calculated plan to control the rare-earth element supply chain, making this a crucial issue for U.S. lawmakers. The report outlines a coordinated, decades-long scheme by the CCP to keep prices low, ensuring limited Western involvement in this essential market.
As we face this growing threat, the report recommends several key actions, including the establishment of a "critical minerals czar" to streamline U.S. mining and recovery efforts.
Additionally, it suggests expediting permits for domestic mining to bolster our own resources and develop a Strategic Resources Reserve akin to the federal reserve for oil.
The urgency to tackle this crisis cannot be overstated.
With China’s aggressive tactics potentially empowering a hostile regime, the need for a robust American strategy on mineral resources is paramount.
Lawmakers must prioritize policies that not only secure our mineral supply chains but also shield American industries from unfair foreign competition.
As the report demonstrates, addressing the CCP's manipulation is vital for preserving American jobs and ensuring national security.
America must act now to reclaim its position as a leader in global mineral markets before it's too late.
Sources:
eff.org
zerohedge.com
lite.cnn.com
Latest News