Pentagon Accelerates Mineral Deals Amid China’s Rare Earth Export Crackdown

The U.S. Department of Defense is aggressively rebuilding its mineral reserves after years of reliance on Chinese supply chains for critical metals like cobalt, antimony, and rare earth elements. These materials are essential for advanced weapons systems, radar technology, and fighter jet components. A $1 billion push marks a significant acceleration in America's mineral stockpiling efforts.

China's recent export restrictions on rare earths and related technologies have triggered alarm in Washington and European capitals. The move threatens global access to materials vital for both industrial and defense applications. Former President Donald TRUMP responded swiftly, threatening 100% tariffs on Chinese imports and canceling a planned meeting with Xi Jinping. "There is no way China should be allowed to hold the world captive," Trump declared.

Inside the Pentagon, securing alternative mineral supplies has become a top national security priority. Legal experts warn that Beijing's dominance in this sector gives it unprecedented leverage. The Financial Times reports the Pentagon's current initiative represents the fastest mineral buildup in recent memory, with defense officials calling it a strategic necessity rather than mere precaution.