Global Push: 30 Nations to Formally Unite for Mineral Independence

Around 30 countries are eager to join a coalition of partners and allies focused on trading critical minerals, aiming to reduce reliance on China, revealed U.S. Interior Secretary Doug Burgum during a recent conference.

Burgum disclosed that nations like Japan, Australia, and South Korea have already joined the group, with plans to introduce 11 additional agreements imminent, and 20 more countries showing significant interest. The club aims to establish tariff-free trade, exchanges, and a price floor for minerals, counteracting any market disruptions caused by dominant players.

In response to perceived Chinese price manipulation of crucial minerals such as lithium and rare earths, President Donald Trump's strategic move with Project Vault, backed by substantial funding, aims to secure a stable supply and attract private investment into mining and refining sectors.