The U.S. Rare Earth Strategy Shifts Toward Government-Led Approach, Similar to China's

Media: The US rare earth strategy is becoming more like China's

The recent U.S. rare earth mineral strategy is increasingly resembling China's previous approach. The U.S. government provides most of the funding through an agency to support a $12 billion government-led mineral reserve program, part of which may come from mining companies with partial government ownership.

The goal of this strategy is to ensure the security of rare earth supply and protect the development of the U.S. industry. The background of this move by the United States is that rare earth minerals are crucial to modern high-tech industries, while China has long dominated the global rare earth supply chain.

Original: toutiao.com/article/1856182204957704/

Statement: This article represents the views of the author himself