USA want to found trading alliance for key minerals - U.S. rallies 32 nations to break China's grip on critical minerals

The United States is pushing for a new trade alliance to secure supplies of rare earths and critical minerals. On Wednesday, officials from 32 countries gathered in Washington D.C. to discuss reducing reliance on China for materials essential to electronics and electric vehicles.

The meeting, originally inviting ministers from over 50 nations, took place on 3 February 2026. The U.S. aims to counter China's dominance in refining metals like lithium and cobalt, which are key for modern industries.

Washington's plan includes cooperation agreements to cut dependence on Chinese supplies. A proposed trade bloc would also stop China from flooding markets with cheap raw materials, protecting other producers.

Former President Donald Trump had earlier announced a $12 billion stockpile of these minerals to prevent shortages for U.S. businesses. Under the new proposal, American companies would gradually replenish this reserve over time.

The alliance seeks to stabilise supply chains for critical minerals. If successful, it would reduce China's control over refining and pricing. U.S. industries, particularly electronics and electric vehicle manufacturers, could see more reliable access to key materials.