U.S. Allies Urged to Pay 'National Security Premium' for Non-Chinese Minerals
U.S. Trade Representative Jamieson Greer emphasizes the need for American allies to pay more for critical minerals from non-Chinese sources. Stressing the importance of a secure supply chain, Greer introduces the concept of a 'national security premium', urging a shift away from price efficiency-focused policies.
In a recent development, U.S. Trade Representative Jamieson Greer has called upon American allies to increase their spending on critical minerals sourced from outside China, according to a report by the Financial Times.
Greer highlights the necessity for allies to embrace a 'national security premium' for minerals, fostering a network of trading partners that ensures a secure supply chain.
Amidst Western dependency on Chinese minerals, Greer criticizes a fixation on business costs as a key reason, urging allies to adopt pricing mechanisms to protect critical mineral reserves.
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