China has a “near monopoly” on the mining of many raw materials that are critical for the production of semiconductors and other technologies, JPMorgan said Monday, highlighting the importance of key minerals in the escalating U.S.-China trade war.
President Biden upped the ante in the ongoing spat with China last month when he targeted Chinese products including solar cells, EVs, batteries, steel, aluminum, medical equipment, and more with a raft of new tariffs.
