Reported 4 months ago
Despite substantial investments and initiatives to establish a competitive rare earths supply chain, US allies are struggling to break China's dominant control over the market, which includes about 70% of global output and over 90% of refining. Efforts like the construction of a new plant in Texas by Lynas Rare Earths are underway, but ongoing price declines and funding challenges hinder progress and raise doubts about the viability of these initiatives.
Source: YAHOO