Title page

Contents

Introduction 4

China's Broken Promises and Predatory Practices 5

China's Growing Monopoly on Critical Minerals 7

China's Growing Dominance in Batteries and Electric Vehicles 13

China's Growing Dominance in Renewables 16

Policy Recommendations 21

Conclusion 24

Charts

CHART 1. U.S. "Green Energy" Subsidy Set to Increase 8

CHART 2. Share of Critical Mineral Production Controlled by China, 2023 10

CHART 3. Number of Mine Applications and Approvals 12

CHART 4. Shares of Battery Production, 2023 14

CHART 5. Market Share of Battery Components Produced in 2022 14

CHART 6. Share of Electric Vehicle Production Worldwide, 2023 15

CHART 7. CO₂ Emissions 17

CHART 8. Solar Photo Voltaic Manufacturing, 2021 18

CHART 9. Global Wind Turbines' Manufacturers Market Share, 2022 20