US calls for critical minerals trading bloc

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BUSINESS
BUSINESS © France 24

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Business

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The Trump administration has put aside its tariff threats, and is calling for a new trade bloc to focus on critical minerals. Ministers from 55 countries attended talks in Washington aimed at reducing their reliance on China, which dominates the production and processing of the elements. Meanwhile, Japan hopes to revolutionize its own mineral supplies, becoming the first to retrieve deep-sea mud containing rare earth elements.