Group 1 - China's significant role in the global rare earth industry, contributing over 70% of mining output and 85% of refining capacity, with around 90% of rare earth metal alloys and magnets produced in the country [3] - The U.S. government has invested over $439 million since 2020 to support domestic rare earth production and aims to establish a complete supply chain by 2027 to meet defense needs [3] - Despite U.S. efforts, challenges such as high transportation costs, lack of resources, and difficulties in attracting skilled labor hinder the establishment of a competitive rare earth industry [4] Group 2 - The U.S. relies heavily on China for pharmaceutical supplies, with over 60% of daily medications and raw materials sourced from China, raising national security concerns [6] - China's successful bid for a second nuclear power plant project in Kazakhstan, valued at over $10 billion, highlights its growing influence in the global nuclear energy sector [6] - Through the Belt and Road Initiative, China is enhancing its resource network and increasing its influence in critical resource sectors, including new energy and high-tech chips [8]
美企对中国稀土公开叫板!中哈连签10份协议,拿下关键一局