US, China once had rare-earth aces in the hole but the US folded

US, China once had rare-earth aces in the hole but the US folded

“The Middle East has oil,” Deng Xiaoping is reported to have remarked. “China has rare earths.” Deng was visiting one of China’s biggest rare earths mines, in Baotou, Inner Mongolia, in 1992 when he made that observation about the vast deposit of critical minerals in his country. At that time, no one took his statement […] The post US, China once had rare-earth aces in the hole but the US folded appeared first on Asia Times.