US Vulnerable to China Rare Earth Monopoly, Researchers Find

As China wages trade war, the United States is 'getting lapped' in a race for rare earths

BY ALAN MCDONNELL

July 5, 2020 Updated: July 5, 2020

China Moves On Africa

According to Horizon Advisory, Beijing is not satisfied with developing and controlling its rare earths industry at home. The regime is also seeking to expand its rare earths influence and presence globally.

Their report quotes a 2016 research report on the Belt and Road Initiative as stating that: “For China, the world’s largest producer of rare earths, the discovery of major rare earths mines outside China will undoubtedly have a profound impact on the future development of the rare earths industry. Simply relying on China’s domestic rare earth mining is unrealistic. It is critical for Chinese companies to Go Out and seek rare earth resources.”

https://www.theepochtimes.com/us-vulnerable-to-china-rare-earth-monopoly-researchers-find_3408972.html