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Industry Dominance

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China's Dominance in the Rare Earths Industry and Global Responses

Originally Published 5 months ago — by NPR

Featured image for China's Dominance in the Rare Earths Industry and Global Responses
Source: NPR

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 degradation, which has given it significant leverage in global trade and supply chains. Recent export restrictions have spurred renewed US interest in domestic rare earth production.