Critical
China's policy of rare-earth export restrictions has already whittled down its monopoly power
China's strategy to weaponize its rare-earth supply chain is proving ineffective. Its initial monopoly spurred global efforts to find and process these critical minerals independently. Even as China focused on scarcer heavy rare earths (HRE), new deposits are now being discovered worldwide, from Brazil to Australia. Non-Chinese companies are rapidly developing processing facilities, significantly reducing global dependence. This collective response demonstrates that hindering mineral flow for geopolitical advantage ultimately stimulates investment, increases global supply, and undermines China's intended control, diminishing its market leverage.
LiveMint · mint · Aug 4, 2026 at 9:31 AM