The U.S. Wants a Rare-Earths Supply Chain. Here’s Why It Won’t Come Easily.

This articles details the well known supply chain dependence on China for rare‐earth materials.

A bipartisan bill have been introduced in the House "includes a $20‐a‐kilogram credit for U.S.‐made magnets, while

manufacturers sourcing 90% of their component parts from U.S. producers could be entitled to a $30‐a‐kilogram credit".

The Chinese near‐monopoly is highlight by this quote from later in the article:

"…roughly 60% of all mined rare‐earth minerals are sourced from China. Three other major sources exist in Myanmar,

Australia and Mountain Pass. While the 60% might not sound that concentrated, the dependence on China is even more

pronounced further down the supply chain. The rare‐earths supply chain is typically made up of three main parts: mining

and concentrating the raw materials, refining them to produce oxides and producing the magnet. In recent years, China

has come to control 91% of refining activity, 87% of oxide separation and 94% of magnet production…"

Read more:

https://www.wsj.com/articles/the-u-s-wants-a-rare-earths-supply-chain-heres-why-it-wont-come-easily-dfc3b632?mod=djem_WealthJournal