The US is throwing big money at rare-earth tech, taking on China's dominance with new chemistry
PositiveArtificial Intelligence
- The United States is significantly investing in rare-earth technology to reduce China's dominance in the sector, focusing on the industrial processes that convert ore into high-purity materials essential for modern technology. This move comes as rare-earth elements are crucial for various applications, including smartphones and electric vehicles.
- This investment is vital for the U.S. as it seeks to secure its supply chains and technological independence, particularly in critical areas like electric vehicle motors and medical imaging, where reliance on foreign sources poses risks.
- The broader context highlights ongoing tensions between the U.S. and China in technology and trade, with China's recent export restrictions on rare earths intensifying competition. Additionally, the U.S. faces challenges in maintaining its technological edge amid rapid advancements in China's AI and autonomous vehicle sectors.
— via World Pulse Now AI Editorial System
