{"id":450000,"date":"2026-02-05T06:35:07","date_gmt":"2026-02-05T06:35:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/450000\/"},"modified":"2026-02-05T06:35:07","modified_gmt":"2026-02-05T06:35:07","slug":"us-to-create-critical-mineral-trade-bloc-to-reduce-chinas-global-dominance","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/450000\/","title":{"rendered":"US to create critical mineral trade bloc to reduce China’s global dominance"},"content":{"rendered":"

The United States on Wednesday announced the creation of a new critical minerals trading bloc aimed at reducing global dependence on China. US vice-president JD Vance<\/a> outlined plans for this new trading zone at a 55-nation ministerial conference which included India\u2019s external affairs minister S Jaishankar.<\/p>\n

\"USUS vice president JD Vance at the Critical Minerals Ministerial meeting at the State Department, Wednesday, Feb. 4, 2026 in Washington. (AP)<\/p>\n

\u201cThe benefits will be immediate and durable. Regardless of how much material flows into the global market, prices within the preferential trade zone will remain consistent. Over time, our goal within that zone is to create diverse centers of production, stable investment conditions and supply chains that are immune to the kind of external disruptions we have already talked about,\u201d Vance told the assembled ministers in Washington, DC.<\/p>\n

Also read: Pakistan PM Shehbaz Sharif breaks silence on boycotting T20 World Cup clash against India: \u2018We are with Bangladesh\u2019<\/a><\/p>\n

\u201cFor those of you who join, we offer you a necessary foundation for private financing, and secure access to the critical mineral supplies your nation would require in an emergency or some other contingency,\u201d Vance said.<\/p>\n

Also read: Pakistan PM Shehbaz Sharif breaks silence on boycotting T20 World Cup clash against India: \u2018We are with Bangladesh\u2019<\/a><\/p>\n

The proposal comes even as America steps up efforts to weaken China\u2019s hold over the global critical minerals supply chain. China currently leads production of 30 minerals deemed critical by the US Geological Survey and accounts for roughly 70% of rare earths mining and more than 90% of processing globally.<\/p>\n

Jaishankar welcomed the US proposal, dubbed the FORGE Initiative, and highlighted India\u2019s efforts in the critical minerals domain during his remarks at the ministerial meeting.<\/p>\n

Also read: Korean fixation, family dynamics in focus after Ghaziabad sisters jump to death<\/a><\/p>\n

The external affairs minister\u2019s scheduled visit comes amid a visible thaw in India-US ties, following the announcement of a long-awaited trade deal by US President Donald Trump on Monday.<\/p>\n

\u201cUnderlined challenges of excessive concentration and the importance of de-risking supply chains through structured international cooperation. Highlighted India\u2019s efforts towards greater resilience through initiatives including National Critical Minerals Mission, Rare Earth Corridors and responsible commerce. Conveyed India\u2019s support to the FORGE initiative on critical minerals,\u201d Jaishankar said on X.<\/p>\n

Earlier on Tuesday, Jaishankar also met US Secretary of State Marco Rubio<\/a>. The two leaders welcomed the India-US trade agreement and spoke about economic and energy cooperation, according to a readout of the meeting released by the US State Department. Significantly, Rubio and Jaishankar also discussed the four nation Quad grouping, which also includes Australia and Japan.<\/p>\n

\u201cSecretary Rubio and Minister Jaishankar concluded their meeting by expressing their commitment to expanding bilateral and multilateral cooperation through the Quad. They acknowledged that a prosperous Indo-Pacific region remains vital to advancing our shared interests,\u201d reads a statement from the US State Department on the Jaishankar-Rubio meeting.<\/p>\n

The Quad Leaders Summit, which typically takes place annually and brings together the heads of government from all four nations, was initially slated for 2025 with India acting as the host. However, tensions between New Delhi and Washington over trade and India\u2019s purchases of Russian oil led to the postponement of the meeting. It is unclear when the leaders\u2019 meeting is expected to take place.<\/p>\n","protected":false},"excerpt":{"rendered":"The United States on Wednesday announced the creation of a new critical minerals trading bloc aimed at reducing…\n","protected":false},"author":2,"featured_media":450001,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101,211189,6009,211187,104,211188,211186],"class_list":{"0":"post-450000","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-jaishankar-in-u","11":"tag-jd-vance","12":"tag-mineral-trade-bloc","13":"tag-trade-war","14":"tag-us-china-ties","15":"tag-us-mineral-bloc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/450000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=450000"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/450000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/450001"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=450000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=450000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=450000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}