US Struggles as China Poised to Dominate Rare Earth Supplies for Years Ahead
The US and other countries reliant on rare earths face a long-term threat from China's potential restriction of the critical minerals, sparking efforts to diversify supply chains and achieve self-sufficiency.
The US and other countries reliant on China for rare earths are facing a potential shortage as Beijing threatens to restrict supply, prompting efforts to diversify global supply chains and achieve self-sufficiency in the critical minerals. China's dominance of the industry could persist for years due to its significant reserves and production capacity. The push towards diversification comes amid concerns over China's intentions and the risks associated with relying on a single supplier. As a result, countries are scrambling to find alternative sources and reduce their dependence on Chinese rare earths.
