Why Rare Earths Are so important in Trump's trade war with #china #politics
Bloomberg Television·2025-06-20 18:47
Most permanent magnets today used in wind turbines or electric car motors come from using rare earth metals, typically neodymium. Rare earths are metals that are only found in the earth's crust in trace amounts, a few parts per million. And 92% of the world's rare earth magnets come from one place, China.So it's not like rare earth metals or neodymium specifically is only found in China. is that China has built over years through government investment and private investment a whole supply chain all the way ...