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U.S. Bill Targets China’s Critical Mineral Stake

File image of cobalt processing facility in the DR Congo city of Lumbubashi. SAMIR TOUNSI / AFP

U.S. senators introduced legislation that would make federal agencies regularly track critical mineral and rare earth deposits around the world and who controls them.

The Critical Minerals Security Act of 2024 would highlight when a deposit is controlled by “a foreign entity of concern” or the U.S. and its allies. The law is reportedly particularly targeting China, Iran, North Korea, and Russia.

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