US and Global Partners Confront China’s Dumping Practice and Price Manipulation

China controls approximately 95 percent of the global rare earth supply and produces three-quarters of the lithium battery cells globally.

U.S. Secretary of State Antony Blinken attends a press conference at the U.S. Embassy in Beijing on April 26, 2024. Wang Zhao/AFP via Getty Images

Canada recently announced that it will take action against China’s price manipulation. At the same time, India and the European Union (EU) launched anti-dumping investigations into Chinese products, while the United States is considering a new round of sanctions and tariffs against China-made goods.

On April 23, Chrystia Freeland, Canada’s Finance Minister, said that Canada, along with other countries in the Five Eyes intelligence-sharing network, will actively take measures to tackle the issue of price manipulation by countries like China on critical metals.