China is threatening an export ban on rare earth metals in response to Washington’s recent decision to impose restrictions on exports of high-end semiconductors to Beijing. This is not the first time that China has mooted such a ban, with rumours circulating since at least 2019 as well as formal threats in 2021.If such a ban came into effect it could, in theory at least, be quite damaging. Rare earth metals are needed to produce the magnets that are used in everything from wind turbines to hard disk drives to electric vehicles. Everything from a smartphone to a Tesla has a substantial need for these elements, while US military technology is also dependent on them, with the F35 fighter jet requiring 417kg of rare earth metals. QUOTE
The market is volatile any number of scenarios could play out this year ARR being in the US is strategically significant IMO.
https://unherd.com/thepost/what-chinas-rare-earth-metal-ban-means-for-the-west/
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