Minerals

Western powers are racing to secure offtake from mines and build up processing and recycling capacity

Masan High-Tech Materials plans to ramp up metal output from its Vietnam mine to tap ex-China supply gap for strategic industries

The country is the world’s top exporter of thermal coal and nickel products

Overall, some 18 nations are set to participate, including Australia, Bangladesh and South Korea

The country’s vast mineral reserves could support a US bid to reduce its dependence on China

It’s the latest update to progress being made by the US and its allies to ringfence Western companies from China’s pressure on those markets

Most of the 50-odd nations gathered to discuss the issue have not yet offered opinions on the trading bloc nor committed to joining it

His recent moves against Greenland and Venezuela undercut the trust needed among allies to make such global partnerships work

The partnership aims to jointly find ways to source critical minerals without relying on the Asian nation