Lol, that piece is verging on hilarious, the author was really struggling to create a fresh theme now the "supply security" chestnut has well and truly run its course.
This one's a peach: "Studies show that it would take the US and its allies at least a decade to create from scratch a non-Chinese rare earth supply chain." No doubt sourced from Beijing.
The expertise clearly exists, an NdFeB supply chain could be functioning stateside in ~3yrs, just needs a fertile & nurturing host prepared to keep the Dragons at bay, a task clearly well beyond Malaysia.
Doesn't even need to be massive to start, 5ktpa NdFeB would displace Chinese imports, embedded components & finished product would take longer but that's Biden's goal US based value add manufacture.
China not the slightest bit concerned about losing US exports REO or NdFeB, they are simply terrified once the basics established domestically US innovation & capital will take REO development to levels the Chinese can only dream of, and relatively quickly. Bain punting $7Bn to resurrect Hitachi NdFeB probably an early pointer.
Lynas were highly involved in the DOD five stage tender process until it was trashed by Donald's corrupt GOP, I'll suggest Biden's people reached out to effect the LRE proposition within 48hrs of Inauguration, we wait to see just how he's cobbled the rest together.
Rather ironically Dragon appears to be stressing out right alongside Lynas SH's on the outcome.
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