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CNBC

China expands overseas mining stakes, tightening grip on critical minerals

Wednesday, November 4, 2026


China has established state-backed companies and government agencies to increase ownership of overseas mining operations and critical mineral reserves. These entities are expanding stakes in mining projects globally while China maintains dominance in processing and refining rare earth elements and other strategic metals. The expansion follows years of Chinese investment in African, South American, and Southeast Asian mining operations.

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