US and Western Officials Concerned Over China’s Vietnam Tungsten Mine Interest as IEA Warns and Zijin Mining Posts Record Profits

Western officials, including those from the United States, have expressed concern over China's growing interest in a tungsten mine and refinery in Vietnam. This development raises fears that Chinese control could limit access to a critical mineral source outside China, potentially disrupting global supply chains. The International Energy Agency (IEA) chief has also voiced worries about China's dominance in strategic minerals. Meanwhile, Chinese rare earth stocks have surged due to strong first-half earnings, rising prices, and supportive policies. Zijin Mining, the world's third-largest miner, reported record profits in the first half of 2025 but cautioned about unprecedented risks amid the intensifying global competition for key minerals.