economy
These 17 elements are vital for the magnets in EVs, wind turbines, and missiles. One country refines the overwhelming majority of the world's supply.
China dominates rare earth processing because it built specialized refining infrastructure over decades to separate these 17 chemically similar elements from ore, a technically difficult, environmentally challenging process many countries avoided hosting. So even ore mined elsewhere often still gets shipped to China for actual refining.
Canada has mining potential but processes far less than China. France, despite being an advanced economy, isn't a major rare earth player at all, so neither matches China's dominance.
Rare earths power the magnets in EVs, wind turbines, and precision-guided weapons, so China's near-monopoly on refining gives it leverage in trade disputes, prompting other countries to invest in their own processing capacity.
economy
What is this landmark 2022 US climate-and-energy law called?What is this type of trade, which excludes physical goods, called?What is this segment of short-term, app-based, or freelance work commonly called?Which law did the Court say could not be used to justify those tariffs?Which waterway had its traffic drastically restricted due to a historic drought?What is this currency?Which group of companies has since been largely pushed out of the top tier by Big Tech firms like Apple, Microsoft, and Nvidia?Why do companies typically choose this approach over simply raising prices?What did OPEC+ do to its oil output through most of 2025?What did the European Central Bank do in June 2024 for the first time since 2019?Which country was the first in the world to officially launch a CBDC as nationwide legal tender?By how much did the Federal Reserve cut its target rate that day?Quration — Quration Play