China's Rare Earth Leverage Over the U.S.: A Complex Trade Dynamic

TL;DR;

This article discusses the trade dynamics between China and the United States regarding rare earth elements. While the U.S. possesses significant rare earth mineral reserves, it relies on China for the processing into rare earth chemical products. China has considered halting exports of these products to the U.S. in response to trade tensions. The U.S. imports rare earth minerals from China but also exports them for processing. Efforts are underway in the U.S. to revive its rare earth refining industry, potentially reducing dependence on China.