Rare Earths: US Competes to Dent China Monopoly: BI Replay
The world is racing to break China’s monopoly on rare earths, which threatens national security spending and decarbonization efforts. Even with higher public investment slated for 2026, new supply will arrive too slowly to avoid near-term shortages, shifting pricing power to the few producers able to supply magnet-critical material outside China and fracturing what was once a globalized market. Bloomberg Intelligence Analysts Jack Baxter and Richard Bourke discuss the rare-earth market and implications of recent trade hostility.