Brian The Empire 29
Trump effect? US firms spending billions to counter China dominance in critical industries
The US is ramping up efforts to cut reliance on China, with big investments in electric vehicles and rare earth materials. Ford is overhauling a major plant for affordable EVs, while Washington backs domestic mining and magnet production.
China has come to have a near-monopoly on the supply of critical minerals in the world. (Photo: Reuters)
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