The U.S. invests heavily in the rare earth magnet industry, aiming to challenge China's dominant position

The Pentagon is making a major investment in rare earth magnets, reaching a rare agreement with MP Materials, the largest rare earth miner in the United States, to weaken China's dominance in this field. The U.S. government has committed to investing billions of dollars in MP Materials and purchasing its output.

Original: https://www.toutiao.com/article/1837321329622105/

Statement: This article represents the views of the author himself.