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Tuesday, February 24, 2026

Heres How a New US-Led Mineral Alliance Could Sideline China

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|February 24, 2026Updated:February 24, 2026U.S. mining investment firm Cove Capital recently secured a major critical mineral project in Central Asia—a multibillion dollar deal to mine the world’s largest undeveloped tungsten deposit in Kazakhstan.According to the company’s executive, the November 2025 deal, which involved a joint venture with a state run mining company, could serve as a blueprint for other agreements as Washington seeks to shore up critical mineral supply chains worldwide and reduce dependence on China.

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