Treasury Secretary Scott Bessent speaks on the sidelines of the IMF/World Bank annual meetings, in Washington, on Oct. 15, 2025. Brendan Smialowski/AFPTreasury Secretary Scott Bessent said China “made a real mistake” by threatening to restrict exports of rare earth minerals, adding that Beijing’s move has jolted the United States and its allies to fast-track efforts to secure new sources within the next two years.In an interview published by the Financial Times on Oct. 31, Bessent said China had drawn global attention to its willingness to use critical minerals as leverage.
China Made a Real Mistake With Rare Earth Threats: Bessent
Date:
More like thisRelated
Rising Electricity Costs Emerge as Key Campaign Issues in New Jersey, Virginia Races
The Amazon Fort Powhatan Solar Farm in Disputanta, Va.,...
Pentagon Confirms Strike on Another Drug Boat in Caribbean, Killing 3
A U.S. military strike on a drug-laden vessel in...
UK Police: Stabbing Attack on Train Not Terrorist Incident, 2 British Men Arrested
A forensic officer works at the scene at Huntingdon...
ASEANs Increasing China Ties Threaten Economic Sovereignty of Member States: Experts
Analysts warn the upgraded free trade pact will continue...