My take on the Current Market Correction, page-7

Pretty  clear case - but will anybody listen in Washington?
‘……. Our current situation sounds remarkably like when cheap Chinese imports destroyed our nascent domestic solar industry. It seems we never learn our lesson when it comes to national security and cheap Chinese manufacturing.
…..
Still, the most important takeaway from the rare earth metals debacle is the behavior we see from China repeatedly, and somehow we never learn to adjust our policy and business practices. China is in it to win it, and they don’t care about the free market or environmental protection. They are more concerned about being the world’s global superpower, and they’re willing to do anything to get there.

Here in America, we’re busy arguing about nonsense and put our heads in the sand about the real environmental cost of modern life. However, American ingenuity can fix this problem, and strategic public policy that cuts bureaucratic red tape can help us further develop our own supply chains. Make no mistake—rare earth metals are only rare because we fell asleep at the wheel in our corporate boardrooms and Washington.

https://www.worth.com/rare-earth-metals-testament-china-economic-power/