China's Commodities Binge Makes America's Future More Expensive
China’s Commodities Binge Makes America’s Future More Expensive Bloomberg 4/1/2021 Jack Farchy, Alfred Cang and Mark Burton (Bloomberg Businessweek) -- Fresh from passing a $1.9 trillion stimulus bill, U.S. President Joe Biden on Wednesday turned his attention to a similarly vast package of investment in infrastructure, and that means the U.S. is going to need more commodities. There’s just one problem: China. America requires steel, cement, and tarmacadam for roads and bridges, and cobalt, lithium, and rare earths for batteries. Above all, it needs copper—and lot...
Source: msn.com