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The US struggles to break out from China’s grip on rare earths
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Analysts have praised the Trump administration’s effort to find new approaches to reduce a dependence on China, but cautioned the measures are not likely to provide a quick fix.
PHOTO: EPA
Ana Swanson
WASHINGTON – The Trump administration is pursuing an array of unconventional measures to shore up mineral supplies that are vital for makers of cars, jet engines, weaponry and data centers as the Chinese government leverages its control of rare earth exports in ways that could cripple global industry.
In recent months, the administration has taken stakes in several mining and minerals firms. It has talked of establishing a strategic reserve of rare earths and supporting domestic producers with price controls and tariffs.
