#US senators introduce bill to counter #China’s dominance in critical minerals
In an effort to counter China’s dominance over critical minerals, a bipartisan group of US senators introduced legislation to address “information gaps” and establish a divestment process for American companies.
The Critical Minerals Security Act of 2024 would require federal agencies to submit to Congress a report on all critical mineral and rare earth element resources around the world. The report would be due within a year of the bill’s enactment and every two years thereafter.
The assessment must include which resources are under the control of a “foreign entity of concern” – China, Iran, North Korea or Russia – and which are under the control of the United States or its allies and partners.
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