Former Deputy Secretary of State Kurt Campbell says it will take “a generation” to diversify some of America’s dependency on China for critical minerals and other global supply chains. Despite this, however, he says China does not have the upper hand over the United States.
Campbell made the comments on June 25 during an interview with Bloomberg TV when asked why there has been a lack of effort to “de-risk” from America’s greatest adversary in such critical areas as rare earths, which are used in everything from household electronics and automobiles to missiles and radar systems.
Currently, China supplies nearly 90 percent of the world’s rare earths, and officials in Washington have repeatedly warned that its dominance of such a key resource poses a major national security risk….
Former Biden Official Says It Will Take ‘a Generation’ to Diversify Dependency on China for Rare Earths
