China is the world’s largest exporter of rare earths, according to the US Geological Survey. Photo: Imaginechina
China is the world’s largest exporter of rare earths, according to the US Geological Survey. Photo: Imaginechina
Rare earths

US-China rivalry: Pentagon invests US$12.7 million in rare earth producers to reduce reliance on China

  • Bulk of funding goes to MP Materials, which owns the world’s largest rare earth mine outside China
  • US has traditionally depended its strategic rival for its supply of the metals, which are used in everything from smartphones to military hardware

China is the world’s largest exporter of rare earths, according to the US Geological Survey. Photo: Imaginechina
China is the world’s largest exporter of rare earths, according to the US Geological Survey. Photo: Imaginechina
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