For more than two decades now, China has been undergoing rapid economic growth and industrialization. The industrialization and urbanization of the once rural, farming nation is leading to increased consumption of mineral commodities to build infrastructure and to make into consumer goods. This increased consumption has led to higher mineral prices, lower stocks and, in some cases, temporary shortages of minerals. Chinese mineral producers and manufacturers are responding by building capacity, restructuring and modernizing industrial sectors and establishing international network that compete with those of the United States and other nations.
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Effects of Chinese mineral strategies on the U.S. minerals industry