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How is the US developing its own rare-earth processing capabilities?
The US has been investing in new processing plants and research to build domestic rare-earth processing. While progress is underway, the US still faces challenges in scaling up production to match China's dominance. Efforts include developing new sources of critical elements like samarium, essential for military magnets.
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Why does China still control over 90% of the world's rare earths?
China built a near-monopoly in rare-earth refining through subsidies and relaxed environmental rules, making it cheaper and easier to produce. This dominance has persisted despite global efforts to diversify, mainly because of China's established infrastructure and industrial policies.
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What impact could this have on tech and defense industries?
Dependence on Chinese rare earths poses risks for tech and defense sectors, which rely heavily on these materials for manufacturing magnets, batteries, and electronics. Disruptions in supply could lead to delays, increased costs, and vulnerabilities in national security.
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What strategies is the US using to diversify rare earth sources?
The US is exploring multiple avenues, including developing domestic processing plants, securing alternative international sources, and recycling rare earths from existing products. Bipartisan efforts aim to strengthen supply chains and reduce reliance on China.
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How long will it take for the US to become self-sufficient in rare earths?
Building a fully self-sufficient supply chain is a complex process that could take several years. While progress is promising, it depends on technological advancements, investment, and international cooperation to establish reliable sources and processing capabilities.