China’s dominance in critical minerals allows Beijing to manipulate supply, shift prices, and coerce foreign industries, forcing factory shutdowns and undercutting global resilience. Private companies cannot build reliable alternatives under the constant threat of price shocks or supply cutoffs. The proposed Multilateral Commercial Stockpile offers a coordinated, market-based system that buffers against both scarcity and oversupply, strengthens allied security, and prevents a repeat of past policy failures.

ABOUT THE SPEAKER

Eyck Freymann is a Hoover Fellow at Stanford University and a Non-Resident Research Fellow at the U.S. Naval War College, China Maritime Studies Institute. He works on strategies to preserve peace and protect U.S. interests and values in an era of systemic competition with China. 

ABOUT THE SERIES

Policy in Brief by the Hoover History Lab analyzes contemporary global policy challenges, offering insights and providing possible solutions through a historical lens.

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