China’s Dominance in Rare Earth Industry Raises Concerns Among Global Players

Countries, including India, are collaborating to reduce their reliance on China for rare earth minerals due to concerns over Beijing’s strategic use of export controls. A recent report highlighted China’s control over 90% of the global processing and refining capacity of rare earths, giving it significant influence over the US and its allies. Last year, China’s imposition of rare earth export controls in response to US tariffs underscored its ability to wield these minerals as economic leverage. This move caught the United States and Europe off guard, leading to accusations that China has been executing a long-term plan to manipulate…