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Pentagon Rushes to Secure Rare Earths Amid China Rivalry

Pentagon Rushes to Secure Rare Earths Amid China Rivalry
The Pentagon has launched a major drive to secure key minerals that power America’s defence industry, in what appears to be a direct response to China’s tightening control over global rare earth supplies. The U.S. plans to spend as much as $1 billion to stockpile critical rare earths.