Free Republic

China’s exports of two rare minerals essential for manufacturing semiconductors fell to zero in August, a month after Beijing imposed curbs on sales overseas, citing national security. China produces about 80% of the world’s gallium and about 60% of germanium, according to the Critical Raw Materials Alliance, but it didn’t sell any of the elements on international markets last month, Chinese customs data released on Wednesday showed. In July, the country exported 5.15 metric tons of forged gallium products and 8.1 metric tons of forged germanium products. When asked about the lack of exports last month, He Yadong, a spokesperson...

President Trump ordered the U.S. military and the Interior Department to take immediate action to "break" the nation's dependence on Russian and Chinese supplies of critical minerals as a matter of national security. "This dependency of the United States on foreign sources creates a strategic vulnerability for both its economy and military to adverse foreign government action, natural disaster, and other events that can disrupt supply of these key minerals," read an executive order signed by the president on Wednesday.

With plenty of money to invest from the interest owed to it by the United States, China continues reaching out its tentacles to grab more natural resources from Africa.