00:00The United States is urging its allies to pay more for critical minerals source outside China.
00:06U.S. Trade Representative Jameson Greer says partners must be prepared to pay a national security premium
00:13for minerals source from a proposed network of trusted countries, including Europe.
00:20Greer warned that a focus on cost efficiency has left Western nations over-reliant on China for key resources.
00:27He added that new price mechanisms may be needed to support alternative supply chains, particularly for rare-earth minerals.
00:35Critical minerals are essential for industries such as electric vehicles, semiconductors and defense,
00:41making them a strategic priority for the United States and its allies.
00:45China currently dominates the sector, accounting for a majority of global lithium refining and a significant share of rare-earth
00:51processing.
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