China’s Economic Dominance and US Security Concerns

US lawmakers and experts have raised alarms over China’s control of critical minerals, infrastructure, and advanced manufacturing, highlighting the economic security threat it poses. At a House Foreign Affairs subcommittee hearing, the Pax Silica initiative was discussed, aiming to establish trusted supply chains with American allies. Subcommittee Chairman Cory Mills emphasized the pivotal role of the country that dominates advanced manufacturing, critical minerals, semiconductors, and artificial intelligence in shaping the global economy for years to come. Michael Holloman, chief commercial officer of US Strategic Metals, voiced concerns about Beijing’s control over essential mineral supply chains. He pointed out the strategic…