How China Killed Every Rare Earth Competitor

Michael Kern: “For more than two decades, Beijing has used a remarkably simple strategy to maintain its stranglehold on the global rare earth supply chain: whenever a Western company would get serious about building an independent processing capability, China would act to crash prices.”

“And the result is generally the same: the investment case falls apart, the funding disappears, and the company folds. China’s monopoly survives another cycle.”