Macro Finance
Can America Break China’s Grip on Rare Earths?
Bloomberg Markets·October 4, 2026·1 min read
China's decades-long dominance in rare-earth mining, processing, and magnet manufacturing leaves the US dependent on foreign supply. MP Materials is rebuilding the chain domestically from its Mountain Pass mine into refining, but higher costs, limited processing capacity, and a Chinese lead built over 25 years slow the effort.
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