A machine mines for rare earth minerals in the Bayan Obo mining district of Inner Mongolia. Photo: Reuters
How China’s rare earth dominance spurs US and its allies to diversify supply chain of critical minerals
- United States is taking a harder line in effort to end ‘undue dependence’ on essential resources from China, including solar panels and rare earth minerals
- But the erosion of China’s market share, while likely inevitable, is expected to take a long time even as geopolitical tensions with West remain strained
A machine mines for rare earth minerals in the Bayan Obo mining district of Inner Mongolia. Photo: Reuters