{"id":1086114,"date":"2021-12-05T09:44:06","date_gmt":"2021-12-05T14:44:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1086114"},"modified":"2021-12-05T09:44:10","modified_gmt":"2021-12-05T14:44:10","slug":"china-moves-to-extend-global-dominance-in-mining-processing-key-resources","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-moves-to-extend-global-dominance-in-mining-processing-key-resources\/","title":{"rendered":"China Moves To Extend Global Dominance In Mining, Processing Key Resources"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchina-moves-to-extend-global-dominance-in-mining-processing-key-resources%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1086114&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>China is starting a rare earth metal company \u2014 a move that will extend its dominance in the global mining and processing of key resources.<\/p>\n<p>According to an exclusive report from <a href=\"https:\/\/www.wsj.com\/articles\/china-set-to-create-new-state-owned-rare-earths-giant-11638545586?mod=hp_listb_pos2\">The Wall Street Journal<\/a>, the Chinese Communist Party has approved the creation of \u201cChina Rare Earth Group\u201d \u2014 which could launch by the end of the year:<\/p>\n<p>The new entity would be created by merging rare-earths assets from some state firms, including China Minmetals Corp., Aluminum Corp. of China Ltd. and Ganzhou Rare Earth Group Co. The combined group is designed to further strengthen Beijing\u2019s pricing power and avoid infighting among Chinese firms, and to use that clout to undercut Western efforts to dominate critical technologies\u2026<\/p>\n<p>Estimates of China\u2019s dominance of the rare-earth industry vary. Some analysts say China mines more than 70% of the world\u2019s rare earths and is responsible for 90% of the complex process of turning them into magnets, analysts say. A White House report has estimated that China controls 55% of the world\u2019s rare-earth mining and 85% of the refining process.<\/p>\n<p>The new conglomerate will be located in the resource-rich Jiangxi province in southern China \u2014 poising the nation to enhance its capabilities in smartphone, automobile, and defense production.<\/p>\n<p>Indeed, the People\u2019s Liberation Army is making rapid advances \u2014 indicated by the recent <a href=\"https:\/\/www.dailywire.com\/news\/milley-confirms-china-indeed-fired-hypersonic-missiles\">firing<\/a> of a sophisticated, nuclear-capable hypersonic missile that circumnavigated the globe before hitting a target in China.<\/p>\n<p>\u201cThey\u2019re expanding rapidly \u2014 in space, in cyber and then in the traditional domains of land, sea and air,\u201d explained Chairman of the Joint Chiefs of Staff Mark Milley. \u201cAnd they have gone from a peasant-based infantry army that was very, very large in 1979 to a very capable military that covers all the domains and has global ambitions. \u2026 As we go forward \u2014 over the next 10, 20, 25 years \u2014 there\u2019s no question in my mind that the biggest geostrategic challenge to the United States is gonna be China. They\u2019ve developed a military that\u2019s really significant.\u201d<\/p>\n<p>Other reports suggest that none other than the Biden family has benefited from China\u2019s rise to power. New York Post columnist Miranda Devine allowed The Daily Wire\u2019s Ben Johnson to <a href=\"https:\/\/www.dailywire.com\/news\/exclusive-hunter-bidens-allegedly-lucrative-arrangement-with-china-energy-fund-committee\">examine<\/a> her forthcoming book, <a href=\"https:\/\/www.amazon.com\/Laptop-Hell-Hunter-Secrets-President\/dp\/163758105X\">Laptop from Hell<\/a>, which details revelations about Joe and Hunter Biden\u2019s murky business deals across the planet.<\/p>\n<p>\u201cHunter Biden arranged multiple business deals with close allies of Chinese President Xi Jinping, squeezing $6 million out of the relationship before things went sour,\u201d writes Johnson.<\/p>\n<p>Hunter reportedly opened a business partnership with the China Energy Fund Committee \u2014 a key mechanism of the Chinese Communist Party\u2019s Belt and Road Initiative, which spreads Chinese economic influence among developing countries. Devine\u2019s book says that Hunter and his partners used their connection to Joe Biden to \u201copen doors for CEFC around the world, in Kazakhstan, Georgia, Oman, Ukraine, Romania, and beyond.\u201d<\/p>\n<p>\u201cIn other words, Hunter and his family benefit financially when China looks like it\u2019s going to eat our lunch,\u201d Johnson notes.<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China is starting a rare earth metal company \u2014 a move that will extend its dominance in the global mining and processing of key resources.According to an exclusive report from The Wall Street Journal, the Chinese Communist Party has approved the creation of \u201cChina Rare Earth Group\u201d \u2014 which could launch by the end of the year:The new entity would be created by merging rare-earths assets from some state firms, including China Minmetals Corp., Aluminum Corp. of China Ltd. and Ganzhou Rare Earth Group Co. The combined group is designed to further strengthen Beijing\u2019s pricing power and avoid infighting among Chinese firms, and to use that clout to undercut Western efforts to dominate critical technologies\u2026Estimates of China\u2019s dominance of the rare-earth industry vary. Some analysts say China mines more than 70% of the world\u2019s rare earths and is responsible for 90% of the complex process of turning them into magnets, analysts say. A White House report has estimated that China controls 55% of the world\u2019s rare-earth mining and 85% of the refining process.The new conglomerate will be located in the resource-rich Jiangxi province in southern China \u2014 poising the nation to enhance its capabilities in smartphone, automobile, and defense production.Indeed, the People\u2019s Liberation Army is making rapid advances \u2014 indicated by the recent firing of a sophisticated, nuclear-capable hypersonic missile that circumnavigated the globe before hitting a target in China.\u201cThey\u2019re expanding rapidly \u2014 in space, in cyber and then in the traditional domains of land, sea and air,\u201d explained Chairman of the Joint Chiefs of Staff Mark Milley. \u201cAnd they have gone from a peasant-based infantry army that was very, very large in 1979 to a very capable military that covers all the domains and has global ambitions. \u2026 As we go forward \u2014 over the next 10, 20, 25 years \u2014 there\u2019s no question in my mind that the biggest geostrategic challenge to the United States is gonna be China. They\u2019ve developed a military that\u2019s really significant.\u201dOther reports suggest that none other than the Biden family has benefited from China\u2019s rise to power. New York Post columnist Miranda Devine allowed The Daily Wire\u2019s Ben Johnson to examine her forthcoming book, Laptop from Hell, which details revelations about Joe and Hunter Biden\u2019s murky business deals across the planet.\u201cHunter Biden arranged multiple business deals with close allies of Chinese President Xi Jinping, squeezing $6 million out of the relationship before things went sour,\u201d writes Johnson.Hunter reportedly opened a business partnership with the China Energy Fund Committee \u2014 a key mechanism of the Chinese Communist Party\u2019s Belt and Road Initiative, which spreads Chinese economic influence among developing countries. Devine\u2019s book says that Hunter and his partners used their connection to Joe Biden to \u201copen doors for CEFC around the world, in Kazakhstan, Georgia, Oman, Ukraine, Romania, and beyond.\u201d\u201cIn other words, Hunter and his family benefit financially when China looks like it\u2019s going to eat our lunch,\u201d Johnson notes.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.\u00a0<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1086114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1086114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1086114"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1086114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1086114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1086114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1086114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}