Rare earths: Federal backing and tech advances aim to help the U.S. catch up to China
NeutralU.S News

- The U.S. is aiming to strengthen its position in the rare earths market, where China currently dominates processing and refining. Recent federal backing and technological advancements are part of this effort.
- This development is crucial for the U.S. as it seeks to reduce reliance on China, which controls approximately 90% of the global supply of these essential materials, impacting various industries.
- The discovery of significant rare earth reserves in Alaska could potentially disrupt China's market dominance, highlighting the ongoing competition and the strategic importance of securing these resources.
— via World Pulse Now AI Editorial System


