I was going to link to an excellent backgrounder at Mining.com on how China captured the rare earths market. The article is highly critical of China for its methods and the U. S. for becoming dependent on China for strategic materials. The article doesn’t articulate it this way but we’re very much in the position that Germany or Japan was in with respect to oil in the 1930s. From a strategic standpoint Germany had to invade the Soviet Union and Japan had to invade Malaysia. Fortunately, we don’t need to invade anybody to correct our position we just need to get our priorities in order and the article makes some fine, practical suggestions for doing that.
Unfortunately, the site is down. Funny, that.
I’ll link to it if and when it comes back up again.