Washington, Nov. 2 -- China's attempt to weaponise its dominance in rare earth minerals has backfired, triggering a rapid response from the United States and its allies to secure alternative supplies.

US Treasury Secretary Scott Bessent said Beijing "made a real mistake" by attempting to leverage critical resources for political gain, a move that has instead unified Western nations against Chinese economic coercion, as reported by The Epoch Times.

According to The Epoch Times, Bessent stated that China's export curbs on rare earth-related technologies in early October sent shockwaves through global markets and disrupted already strained supply chains.

"China has alerted everyone to the danger. They've made a real mistake," Bessent said...