China, rare earth elements
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Rare earths aren't all that rare. The real choke point is in processing and refining them, where China enjoys market dominance.
Alaska's GraphiteOne project near Nome discovers massive rare earth mineral reserves, potentially breaking China's 90% market dominance in critical materials.
The West's push to build a home-grown magnets supply chain to reduce its reliance on China - led by massive U.S. backing for Nevada-based MP Materials - is running into a critical problem: the scarcity of so-called heavy rare earth elements.
Treasury Secretary Scott Bessent highlights South Carolina's rare earth facility as economic win, creating jobs and cutting costs under President Donald Trump.
Bloc’s China ambassador says last month’s suspension creates ‘new stability’ and a chance to improve frosty relations.
A North American company that mines graphite has discovered vast reserves of rare-earth metals at one of its mining sites in Alaska.
Global supplies of the rare earth element yttrium are running low due to Chinese export restrictions, sparking fears of shortages and surging costs that could hit aerospace, energy and semiconductor production.
The government’s unusual foray into private industry was accompanied by new rules setting minimum U.S. market prices for some of these materials—a pricing floor it said was necessary to protect MP Materials from Chinese competitors it accused of “dumping” their goods at artificially low prices.