US EditionBessent says new rare-earth factory will cut costs, break China’s 'chokehold' on industry
The new U.S. factory aims to reduce costs and dependency on China, which processes over 90% of rare earths critical for EVs, wind turbines, and defense, Treasury Secretary Bessent said.
- This year, Treasury Secretary Scott Bessent told the Financial Times Beijing's leverage over rare earths would last no more than 12 to 24 months, and U.S. officials pledged to break China's dominance.
- China is developing a validated end-user export system that would fast-track vetted civilian buyers while restricting companies linked to the U.S. military, though key screening details remain unclear.
- The global permanent magnet market, valued at $32.86 billion in 2024, is forecast to more than double to $67.25 billion by 2033, while Radial Magnets says export bans create uncertainty and manufacturers will diversify supply chains.
- Tighter Chinese licensing since April has delayed shipments and caused shortages, with just over half of 2,000 EU applicants approved and exporters told to prepare for one-year permits.
- Morgan Stanley researchers said in a report published on Sunday that Beijing uses calibrated critical-material controls this year and could target rare earths in response to allies considering tech export curbs.
23 Articles
23 Articles
China Bars U.S. Military From Access To Rare Earths, Increasing Risk Of "Derailing" Trade Truce
China Bars U.S. Military From Access To Rare Earths, Increasing Risk Of "Derailing" Trade Truce China plans to ease exports of rare earths and other restricted materials to the U.S. through a “validated end-user” (VEU) system that would bar firms linked to the U.S. military while fast-tracking approvals for others, according to a new report from the Wall Street Journal. The VEU would let Xi Jinping honor his pledge to President Trump to facilita…
How China plans to keep its rare-earth magnets out of US military’s hands
China is developing a new export system for rare-earth magnets and other sensitive materials, according to The Wall Street Journal and Reuters. The plan would reportedly fast-track shipments for approved foreign buyers but restrict access for companies linked to the U.S. military. Why it matters for U.S. supply chains China's dominance in this area is a key source of leverage; it produces over 90% of the world's processed rare earths and rare-ea…
China Is Working on a Plan to Keep the US Military from Acquiring Crucial Rare Earth Materials: Report
Chinese officials are developing a plan that could limit the ability of American defense companies to get rare earth materials needed for fighter jets and other weapons. The report in […] The post China Is Working on a Plan to Keep the US Military from Acquiring Crucial Rare Earth Materials: Report appeared first on The Western Journal.
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