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Wharton's Siegel: It is 'scandalous' that U.S. doesn't have a rare earths strategic reserve
CNBC Televisionยท2025-10-13 15:49

First of all, you know, you talked about the strategic petroleum reserve in the in the last uh one of the last segments. I I think it's scandalous that we don't have a rare earth's strategic re reserve. Uh that we let China, you know, monopolize 90% of the refining of rare earth materials.Where were we. Uh realizing the importance of these uh you know the JP Morgan investment in rare earth. We need a strategic re reserve of these rare earth materials.And I mean uh you know as we look back you know China has ...