US Joins Canada, Australia To Curb Dependence On China Minerals

The United States will team up with Canada and Australia to help countries around the world develop their reserves of minerals like lithium, copper and cobalt, the US State Department said on Tuesday.

The initiative is part of a multi-pronged strategy to reduce global reliance on China for materials crucial to high-tech industries.

Washington has grown more concerned recently about its dependence on mineral imports after Beijing suggested using them as leverage in the trade war between the world's two largest economies.

Withholding rare earth minerals would interrupt the manufacture of a wide range of consumer, industrial and military goods, including everything from mobile phones to batteries to fighter jets.