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Sullivan: US is working with allies on mineral marketplace amid energy transition

5 0
23.10.2024

The U.S. is working with allies to build a standardized international marketplace for metals and minerals central to the ongoing energy transition, national security adviser Jake Sullivan said Wednesday.

The marketplace will likely seek to pull some capacity on mineral processing and refinement away from China, which has traditionally been dominant in the field and has adapted much of its overall production strategy to alternative energy technologies.

Details on market structure have yet to emerge, but the initiative could also have an effect on supply and value chains, which have come under scrutiny in the aftermath of the pandemic as officials discussed “near-shoring” and “friend-shoring” as an alternative to more established trade routes between the U.S. and Asia.

“We are working with [our partners] to create a high standard,........

© The Hill


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