From Mojave to Beijing: how America quietly conceded the rare earth race
NegativeU.S News
- The United States has significantly reduced its involvement in the rare earth elements sector, allowing China to dominate the market by controlling 90% of rare-earth refining. This shift has been marked by the abandonment of the Mountain Pass mine, which was once a key source of these critical materials for the U.S.
- This development raises concerns about national security and economic independence, as the U.S. increasingly relies on China for essential materials used in technology and defense industries. The lack of domestic production capabilities poses risks for future technological advancements.
- The U.S. government is now seeking to regain its footing in the rare earth market through federal support and technological innovations. Meanwhile, new discoveries, such as significant reserves in Alaska, could potentially disrupt China's dominance, highlighting the ongoing competition between the two nations in securing critical resources.
— via World Pulse Now AI Editorial System
