Economists are urging Western nations to actively subsidize resource projects to diminish China’s substantial dominance in the battery and metal refining industries. Currently, China controls between 70 and 90 percent of these critical sectors. The recommendation frames resource subsidization not as market intervention, but as a vital form of economic security for the US and its allies. This strategy aims to challenge China’s monopoly and ensure a more balanced global supply chain. The analysis suggests that without such intervention, Western nations risk continued reliance on a single dominant supplier. The original report is behind a paywall, requiring a subscription for full access.
