US House report accuses China of minerals mkt interference

China for decades has sought to manipulate global critical minerals prices, using its control as an economic weapon to expand its manufacturing sector and its geopolitical influence, a US House of Representatives committee said on Wednesday, reports Reuters.

The allegations, contained in a 50-page report from the bipartisan US House Select Committee on China and reviewed by Reuters, adds to a series of missives from Washington criticizing Beijing's sway in critical minerals markets.

President Donald Trump and his predecessor, Joe Biden, have in recent years sought to crimp China's dominance in the critical minerals sector.

The committee's legislative report aims to codify presidential orders into law with an array of recommendations including price controls and expanded government oversight of price reporting agencies.

The Chinese Embassy in Washington did not immediately reply to a request for comment.