China's Dominant Rare Earth Production

This is a China news story, published by CNBC, that relates primarily to U.S. Department of Defense news.

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Chinese rare earth magnet companies

CNBC

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Technology

The West is recycling rare earths to escape China’s grip — but it’s not enough

Summary

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88% Informative

China controls 69% of rare earth mine production in 2024 , and nearly half of the world's reserves.

"You cannot build a modern car without rare earths," says consulting firm AlixPartners .

U.S. Department of Defense invested $4.2 million in Rare Earth Salts , a startup that aims to extract the oxides from domestic recycled products such as fluorescent light bulbs.

China 's rare earths restrictions also go beyond the closely watched list released on April 4 .

China has increased its control over a broader category of metals known as critical minerals.

Tungsten , a U.S.-designated critical mineral, is used in weapons, cutting tools, semiconductors and car batteries.

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