U.S. Allies Urged to Pay 'National Security Premium' for Non-Chinese Minerals

In a recent development, U.S. Trade Representative Jamieson Greer has called upon American allies to increase their spending on critical minerals sourced from outside China, according to a report by the Financial Times.

Greer highlights the necessity for allies to embrace a 'national security premium' for minerals, fostering a network of trading partners that ensures a secure supply chain.

Amidst Western dependency on Chinese minerals, Greer criticizes a fixation on business costs as a key reason, urging allies to adopt pricing mechanisms to protect critical mineral reserves.

(With inputs from agencies.)