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Committee hears Secretary Rubio outline China competition and supply‑chain risks; rare earths and energy cited as priorities
Summary
Secretary Rubio told senators China now dominates critical mineral access and processing globally and that U.S. policy must combine domestic industrial steps with diplomatic and development tools. He flagged the Development Finance Corporation and Millennium Challenge Corporation as tools for private‑sector catalysis.
Senators and the secretary discussed strategic competition with the People’s Republic of China, with Rubio describing China’s global reach into raw materials, processing and export markets and calling it “America’s greatest long‑term competitor.”
Rubio outlined three structural vulnerabilities: China’s access to rare earth minerals worldwide; its processing dominance for those materials; and China’s heavy…
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