China’s domination of rare earth elements remains a threat

China absolutely dominates the rare earth elements market. In fact, China produced 61 per cent of global rare earths, which equated to 168,000 tonnes, in 2021. Such ascendancy is extremely concerning to countries like the USA, which is intent on reducing its dependency on its number one strategic rival.

The above figure is only the beginning, however, because China also accounts for 85 per…