Mongolia Cooperated with the US Ban to Restrict China's Access to Minerals, But All This Failed!

#china #chinanews #mongolia #usa #mineral #mining

In 2018, the British Rio Tinto Group invested $5.4 billion to acquire a super-huge copper mine in Mongolia. In order to exploit these resources, Rio Tinto Group built power stations and ore processing plants in Mongolia.

So far, Rio Tinto Group has invested a total of up to $15 billion. It is worth noting that Rio Tinto Group's initial plan was to rely on the huge market of China, which is adjacent to Mongolia, for export and thus achieve substantial profits.

However, shockingly, in order to establish more international relations with the United States, Mongolia recently issued a ban on Rio Tinto Group: copper mines mined in Oyu Tolgoi must not be sold to China. This ban is undoubtedly a huge blow to Rio Tinto Group.

So why does Mongolia ban the export of ore to China? Can Rio Tinto Group export copper ore to other countries besides China?

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