Read the full story in The Epoch Times.
Boarded-up mines across the world are rusting symbols of how China seized the world’s critical minerals supply chain.
Now, some of these mines—closed not because they ran dry, but by Beijing’s oversupply and price dumping—could be reopened as the Trump administration rallies nations to overthrow China’s supply chain dominance.
Getting a new mine up and running can take up to 15 years. So mothballed mines could provide a timely stopgap, according to industry experts.
Digging out the minerals, however, is only half the challenge. When the United States and the broader Western world abandoned their mines, they also abandoned the race for the all-important extraction process.
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Mining Alone Won’t Thwart China
Steve Christensen, co-founder and chief executive of the Responsible Battery Coalition, told The Epoch Times the mining industry is grateful for Trump’s leadership so far. But he said mining more material doesn’t solve the issues of China’s market manipulation.
“They’ll dump their cheap materials into a market, they’ll lower the price so far down, they’ll take a loss on it,” he said.
“When your competitor doesn’t care about profits, it’s very hard to compete.”
