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The administration of U.S. President Donald Trump is convening an international meeting in Washington, D.C. to discuss greater collaboration on the mining and use of rare-earth elements.

The aim of the meeting is to find ways to counter China's current dominance over the global market for the metals and minerals that are widely used in electronics and technology.

U.S. Secretary of State Marco Rubio is hosting representatives from Europe, Africa, Asia and Canada, and looking for commitments to incentivize investments in rare-earth supply chains.

The U.S. State Department said in a statement that the meeting "will create momentum for collaboration" among the participants to secure access to rare-earth metals and minerals.

The international meeting comes after U.S. President Donald Trump recently announced the creation of "Project Vault" that will create a strategic reserve or stockpile of rare-earth elements.

The Trump administration has said the stockpile will help shield U.S. manufacturers of automobiles, electronics, and other goods from future supply chain disruptions.

Trump has made it a priority to stop China's dominance of rare-earth elements amid an escalating trade war between the world's two largest economies.

Last year, China's government enacted export restrictions on critical metals and minerals sent to the U.S., causing anxiety in Washington, D.C. and on Wall Street.

The Trump administration has signed critical mineral deals with countries such as Australia and Japan. Additional bilateral agreements are expected to be signed soon.

Canada, which has a large supply of rare-earth elements, has made collaboration around the metals, minerals and magnets a key point in the upcoming review of the Canada-U.S.-Mexico free trade agreement that's due to take place this summer.

Companies that mine for rare-earth elements include MP Materials (NYSE: $MP ) and USA Rare Earth (NASDAQ: $USAR ).