Tensions Rise Over Rare Earths Supply Amid U.S.-China Competition
As the U.S. grapples with its dependence on Chinese rare earths, recent reports indicate that China is tightening control over critical minerals, exacerbating supply challenges for Western defense companies. The Trump administration is reportedly intensifying its efforts to secure the U.S. rare earths market by expanding price support for domestic projects. Meanwhile, the trade war has prompted the U.S. to rethink its strategy, with American firms seeking to boost production and reduce reliance on Chinese exports. Analysts warn that rare earths have become a significant bargaining chip in the escalating trade tensions, as the U.S. aims to build a more resilient supply chain amidst geopolitical pressures.
The Wall Street Journal, Reuters, South China Morning Post, Bloomberg.com, Council on Foreign Relations, East Asia Forum, CNBC, CSIS | Center for Strategic and International Studies, The Economic Times, Caliber.Az