A top Biden administration official, Jose Fernandez, the US under secretary for economic growth and the environment, emphasized that the United States aims to diversify its sources of critical minerals, which are essential for various applications like electric vehicle batteries and solar panels.
Fernandez noted that while diversification is a priority, the goal is not to exclude China but rather to enhance resource options.
Fernandez clarified that the focus is on broadening the critical minerals supply chain rather than reducing reliance on China.
Currently, the US procures many minerals from Chinese companies, and collaboration with China remains a viable option.
China plays a significant role in processing raw minerals, making it a crucial partner for the United States, especially regarding minerals used in electric vehicle batteries.
Given the Biden administration’s commitment to addressing climate change by promoting electric vehicles, Chinese involvement in the critical minerals sector remains vital.
Fernandez leads the Minerals Security Partnership, a State Department initiative designed to attract foreign investments and Western expertise into the mining sectors of developing nations that supply essential raw materials like lithium, manganese, and cobalt.
He emphasized that China’s status as the world’s second-largest economy and a major US trading partner warrants continued collaboration.
The United States intends to work with China while safeguarding its interests, supporting its companies, and expressing concerns when necessary.
