China ‘made a real mistake’ by ‘firing shots’ on rare earths, says Scott Bessent
US Treasury secretary says US will protect itself from supply shocks in 12-24 months
US Treasury secretary says US will protect itself from supply shocks in 12-24 months

Beijing determined to retain leverage over supply by preventing buyers from building large inventories

Extensive licensing requirements raise concerns about intellectual property theft

Beijing’s success in snarling supply chains with rare earths has shifted the balance of power in trade talks

Trump administration plans to set price floors, create strategic minerals reserve and take equity stakes

Beijing’s tight export controls on critical minerals have strained relations with US and EU

The American military and Europe’s green transition both rely on critical minerals from Beijing