JPMorgan Launches $1.5 Trillion Initiative to Cut Dependence on China

JPMorgan Chase is putting its money where Washington’s mouth should be. This week, CEO Jamie Dimon unveiled a $1.5 trillion private sector initiative aimed at ending America's dangerous over-reliance on communist China for critical minerals and manufacturing. Dubbed the Security and Resiliency Initiative, the program will funnel $10 billion directly into four strategic areas: supply chains, defense, energy, and advanced technology.

Dimon didn’t mince words. “The U.S. has allowed itself to become too reliant on unreliable sources of critical minerals, products, and manufacturing all of which are essential for our national security,” he wrote in a Wall Street Journal op-ed. “We need to act now.”

And he’s right.

China currently dominates 60% of global rare earth production and controls up to 90% of the refining process, giving the Chinese Communist Party a stranglehold over materials used in everything from iPhones to fighter jets. While the Biden administration slow-walks every energy project and bends over backward for green radicals, China’s mining and metals sector is surging growing over 131% last year alone and setting new records in 2025.

JPMorgan’s initiative includes:

• Investment in critical domestic mining and refining to challenge China’s near-monopoly on rare earths.

• Boosting defense and aerospace manufacturing to secure America’s technological edge.

• Enhancing energy independence and infrastructure resilience across the U.S.

• Supporting strategic technologies critical to the next generation of national defense and industry.

This isn't a government program. It’s a private-sector solution to a government-created problem, launched without political strings. Yet the move echoes the clear-eyed approach taken under President Trump, whose administration prioritized national self-reliance by investing in U.S.-based mining companies like MP Materials, Lithium Americas, and Trilogy Metals.

Back in 2020, Trump signed off on stockpiling up to $1 billion in strategic minerals, recognizing what the Democrats still refuse to admit: you can’t power a military, an economy, or a nation on foreign handouts and wishful thinking.

Contrast that with Joe Biden’s record:

• In 2024, Biden blocked a 211-mile road in Alaska needed to access some of America’s richest deposits of copper, gold, and cobalt, claiming concern for wildlife and “subsistence resources.”

• He also reimposed limits on 28 million acres of land, slamming the brakes on mining and drilling.

• During her 2020 campaign, Kamala Harris vowed to end all mining and drilling on federal lands.

• And Elizabeth Warren said she'd roll back Trump’s pro-mining policies on day one if elected.

These are the same people now pretending to care about supply chain resilience while leaving America’s future in the hands of the CCP.

It’s clear: if this country is going to regain its independence, it won’t be because of anything coming out of Biden’s White House. It’ll be because leaders like Jamie Dimon and businesses like JPMorgan stepped up while Washington slept.

America’s economy, defense, and future depend on ending our reliance on adversaries like China. Dimon’s warning is urgent and timely: “Our adversaries aren’t waiting we no longer have the luxury of time.”

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