US, Japan, India, Australia announce minerals initiative

cross-posted from: https://lemmy.sdf.org/post/37886294

The United States along with Japan, India and Australia announced a critical minerals initiative on Tuesday amid concerns over China's dominance in the field.

The group of four, also known as the "Quad," pledged to work towards a stable supply of minerals that are necessary for new technologies.

"Reliance on any one country for processing and refining critical minerals and derivative goods production exposes our industries to economic coercion, price manipulation and supply chain disruptions," a joint statement by the group said.

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