The Chinese Ministry of Foreign Affairs said on Monday that no country may overcome international laws and allow the exploration of resources at the bottom of the seas, after news of American plans to store minerals in the depths of the seas to counter China’s dominance of this sector.
The British Financial Times newspaper reported the day before yesterday, Saturday, that people described as the perceptions as saying that the administration of US President Donald Trump is working to formulate an executive order that allows the United States to store minerals at the Pacific Power, to counter China’s dominance of minerals used in batteries, mineral supply chains and rare ground elements.
The newspaper reported in a report that the storage “will make large quantities ready and available on American soil for future use”, in the event of a conflict with China that may restrict the import of minerals and rare ground elements.
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Restrictions
China imposed restrictions on the export of some rare Earth elements in response to the huge customs duties imposed by Trump on Chinese goods, which may lead to depriving the United States of important minerals that enter everything from smartphones to electric car batteries.
The Chinese Ministry of Foreign Affairs said after the publication of the report that the sea bottom and its resources are a “common legacy of humanity” under international law.
The ministry added in a statement, “Exploring the mineral resources in the international region of the sea bottom and exploiting them, according to the United Nations Convention on the Law of the Law and within the framework of the international authority on the bottom of the seas,” the ministry added in a statement.
China produces about 90% of the world’s rare minerals in the world, a group of 17 elements used in defense, electric cars, clean energy and electronics, and the United States imports most of these minerals that come mostly from China.
