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

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

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