North America has enough rare earths to break China’s global choke hold, study finds
SMRTR summary
North America holds enough rare earth deposits to reduce dependence on China, which currently supplies 70% of the global market, but mining them domestically will cost more and require government support. A University of Michigan study found US-Canadian cooperation could build a competitive supply chain, especially as global demand grows from 91 kilotons in 2024 to 150 kilotons by 2040.
SMRTR provides this summary for quick context. The original article belongs to Interesting Engineering.
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