China's Dominance in Rare Earth Elements and Global Supply Dynamics
TL;DR Summary
China has established a near-monopoly on refining rare earth elements, crucial for electronics and defense, through decades of strategic control, industry consolidation, and environmental neglect, which has led to global reliance on Chinese supply and recent efforts by the US to develop independent sources.
- How China came to rule the world of rare earth elements NPR
- U.S. firms scramble to secure rare-earth magnets — imports from China surge 660% CNBC
- Global Magnet Crisis Subsides as China Eases Up on Supply Curbs Bloomberg
- Chinese exports of two critical minerals plunge even as rare earths rebound Reuters
- China rare earth exports to the US surge 660% after trade agreement Euronews.com
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