The media reported on China's plans to provide itself with rare earth resources

The number of Chinese mining companies buying up assets of foreign mining companies has reached its highest level in more than a decade, as China seeks to provide itself with rare earths and other resources amid geopolitical tensions. This was reported on July 6 by the Financial Times newspaper.

According to S&P and Mergermarket, 10 deals worth more than $100 million were completed in 2024, the highest number since 2013.

According to analysts and investors, China's policy is aimed at preventing the deterioration of the geopolitical situation, as the situation around American and European duties makes Beijing less attractive for investments from the United States or Canada.

This trend continues in 2025. For example, the Chinese mining and metallurgical company Zijin Mining announced plans to acquire a gold mine in Kazakhstan for $1.2 billion.

Analysts note that Chinese companies have learned how to "poach" mining assets from Western competitors thanks to more reliable long-term planning, which suits investors and owners.

Michael Scherb, founder of the private investment group Appian Capital Advisory, said that the strategy of Chinese companies is becoming "more and more sophisticated."

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Beijing can only exert diplomatic pressure on Washington in the UN Security Council.

The FT reported yesterday that European Union (EU) countries will accumulate strategic minerals due to growing concerns about the vulnerability of the bloc. It was noted that EU states should accumulate rare earth metals and permanent magnets, which are needed for energy and defense systems.