Washington critical mineral summit: US wants to reduce China's grip on global market

Fifty-five countries across six continents will build a global supply chain network to secure critical minerals for cars, smartphones, power grids and defence, aiming to curb China’s dominance. Washington says the market is failing, noting China controls about 70% of raw materials and 90% of processing, underpinned by Belt and Road access in Africa, Latin America and Asia. Al Jazeera’s Rosiland Jordan reports from Washington. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X : https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile #CriticalMinerals #SupplyChainSecurity #ChinaDominance #BeltAndRoad #USJapanCooperation #EUUSProposal #MagnetExports #EconomicSecurity #GlobalCoalition #AlJazeeraEnglish