China launches global mining initiative with allied nations

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China has launched a global mining initiative with allied nations, seen as a response to US efforts to build an alternative rare earth supply chain. The initiative aims to promote cooperation and the peaceful use of key minerals, with China pledging to safeguard developing countries' interests. Details were shared with 19 nations, including Cambodia and Nigeria. This development occurs amid global concerns over China's mineral export curbs, which have impacted manufacturing countries and prompted diplomatic discussions.


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