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The United States is preparing to launch a $12 billion critical minerals stockpile initiative aimed at reducing dependence on China for rare earths and other strategic resources, according to a White House official, as Washington intensifies efforts to secure supply chains for key industries, AFP reported.The project is expected to combine about $1.7 billion in…
File photo (Picture credit: AP) Venezuela’s main oil ports entered a fifth straight day without shipping crude to customers in Asia, the country’s biggest buyers, as US pressure on the OPEC producer intensified under an oil embargo, shipping data showed.The halt in deliveries risks worsening problems for state-run oil firm PDVSA, which is already struggling…
Rare earth elements comprise a collection of 17 elements with comparable chemical characteristics. (AI image) India is looking to launch its programme for building a rare earth stockpile that will ease supply chain issues for the industry. This action comes in response to China’s restrictions on rare earth magnet exports, an essential component for electric…
