U.S.–China rivalry over critical‑mineral policy escalates

The United States unveiled a $3 billion initiative to boost domestic production of critical minerals and battery components, aiming to reduce reliance on China.

At the same time, the administration prohibited the use of Chinese rare‑earth magnets in U.S. defence contracts.

Officials say the steps are necessary to safeguard national security and maintain a competitive edge.

China has condemned the measures as protectionist and warned of retaliation.