Beijing’s dominance in rare earth processing leaves others scrambling to close the gap: ‘China is the leader, and the U.S. is far behind’

Beijing’s dominance in rare earth processing leaves others scrambling to close the gap: ‘China is the leader, and the U.S. is far behind’

China accounts for roughly 70% of global rare earth production, but it is the country’s dominance in processing that gives Beijing real leverage.

Chinas nearmonopoly over rare earth processing has turned a onceobscure corner of mining into a frontline of geopolitical competition, forcing the U.S. and its allies into a costly race to catch up.C… [+4144 chars]

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Beijing’s dominance in rare earth processing leaves others scrambling to close the gap: ‘China is the leader, and the U.S. is far behind’ - FHMnews