John Cornyn: “China has cornered the market on raw materials that make up…”

“They've used this strategy to create a near global monopoly on the mining and processing of rare earths and critical minerals such as lithium, which is used to produce magnets and other essential components for vehicles, drones, defense systems, and much more. China has cornered the market on raw materials that make up all of our pharmaceutical ingredients. so called API, active pharmaceutical inputs. These are. Can you imagine the United States and other countries around the world dependent on China to produce the medications that we take on a regular basis to keep us healthy and cure disease?” (09:08–09:20)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.