Biden is Angry! China smashes USA-Mongolia $820 Million Rare Earth Strategic Cooperation #usa

#china #chinanews #mongolia #usa ✨✨✨✨✨✨✨✨✨✨✨✨ As a superpower, the United States is as high as 100% dependent on rare earth imports. However, China produces about 200,000 tons of rare earths every year, almost monopolizing the global rare earth market. At the same time, about 80% of the rare earths imported by the United States depend on China. Once China restricts the export of rare earths, the development of the United States will fall into a certain predicament. In order to solve this problem, the United States is actively seeking to establish strategic partnerships with other countries on rare earths. In this effort, three countries including Australia, Vietnam, and India have become partners of the United States. They have received financial support from the United States to improve the mining and refining technology of rare earths, aiming to supply rare earth resources to the United States as much as possible. However, in addition to the above-mentioned countries, the United States has recently turned its attention to the mongolia country again and signed a key rare earth strategic cooperation agreement with it. In the future, the United States will invest 820 million US dollars in the mongolia country, most of which will focus on the rare earth field. According to the plan, this investment plan will be gradually implemented in three phases in the next 3-5 years, the main goal is to assist mongolia country to increase the production and supply capacity of rare earths. First of all, the first phase of investment will provide mongolia country with US$35 million, which is mainly used to assist mongolia country to purchase rare earth extraction equipment, aiming to increase rare earth production to 10,000 tons within one year. Subsequently, in the second phase, 300 million U.S. dollars will be invested in the construction of a rare earth refining base in the mongolia country to further enhance the mineral mining capacity and the level of rare earth extraction technology. Through this stage of investment, the production of rare earths in the mongolia country will reach 50,000 tons, providing more rare earth resources for the United States. most Finally, in the next three years, the United States will continue to invest 485 million US dollars to improve the rare earth supply chain in the mongolia country. According to forecasts, once the investment plan of the United States is fully implemented, the mongolia country will be able to produce 70,000 to 100,000 tons of rare earths and export them to the United States. However, what is surprising is that the cooperation between the United States and Mongolia on rare earth mining may not be carried out smoothly, and may even be sabotaged by China. What is going on? ----------------------------------------------