Minerals

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The second Trump administration has launched the Pax Silica initiative to deepen technology cooperation with allies on new AI infrastructure and shore up minerals supply chains against China's dominance. Led by the US State Department, member countries are expected to pursue joint projects, including ventures and co-investments.

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A Chinese court has convicted 27 individuals of smuggling more than 166 tonnes of antimony, a critical mineral used in weapons, semiconductors and flame retardants. The case marks a significant enforcement of Beijing's tighter export controls on dual-use items. Lead defendant Wang Wubin received 12 years in prison and a 1 million yuan fine.

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