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Vance Pitches New Mineral Trade Bloc Led By US & Allies To Counter China's Rare-Earth Supremacy
Posted
February 5, 2026
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February 5, 2026
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4:02Now PlayingThe Trump administration is pushing to form a critical minerals trading bloc with allies to counter China’s dominance and prevent market flooding through coordinated tariffs and price floors. Vice President JD Vance said the past year’s trade war exposed global dependence on China, which controls most rare earth mining and processing. The plan would ensure stable prices, shared access and financing. It follows Trump’s launch of Project Vault, a multibillion-dollar rare earth stockpile initiative. Officials say the bloc aims to secure supply chains and reduce reliance on China, despite a temporary US-China trade truce remaining in place.
Vance Pitches New Mineral Trade Bloc Led By US & Allies To Counter China's Rare-Earth Supremacy
#jdvance #trump #us #usnews #minerals #rareearth #breakingnews #mirrornow #trade #worldnews
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