Part 6/9:
Nikar expresses concern over rare earth minerals and critical materials that are overwhelmingly controlled by China. This reliance creates a precarious situation for the U.S., especially when such materials are necessary for advanced manufacturing. The lack of foresight in policy-making has led to complacency in diversifying supply chains, and without proactive measures, the U.S. risks falling further behind.
China's Export Control Strategy
The discussion also raises alarming instances of China leveraging its control over key materials by imposing export restrictions. For example, China has placed export controls on gallium and germanium, which are vital in semiconductor manufacturing. Nikar warns that such moves threaten the very foundation of U.S. manufacturing capabilities.