The challengers to China’s rare earth monopoly ...News

Russia Today - Economy
The challengers to China’s rare earth monopoly
source : Russia Today ( News ) () 31
Rare earth metals have been a weakness for the US in the ongoing trade war, but new exploration efforts in the US and Australia could change the situation completely. Dominance is not a word that the Pentagon and the White House like to hear when it’s not preceded by “US.” Right now, amid a trade war with Beijing, it is a word that officials want to hear even less when it’s preceded by “Chinese.” Yet in one strategic area, there is a true Chinese dominance that has many people worried. Rare earths are a group of 17 chemical elements crucial for a variety of products, from magnets to batteries, including EV batteries—a nascent battlefie

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