Core Viewpoint - The competition in the rare earth industry between China and the West is already decided, with China firmly in control of the global supply chain, holding 70% of rare earth mining and 90% of refining capabilities [1][4]. Group 1: China's Dominance - China has established a comprehensive and efficient supply chain for rare earths, from mining to production, making it nearly impossible for the West to replicate this model [6]. - The country has been strategically investing in its rare earth industry for over 40 years, ensuring a long-term advantage over Western nations that are now trying to catch up [4][6]. Group 2: Challenges for the West - Western countries face significant hurdles in developing their rare earth industries, including technological gaps in refining capabilities and fragmented supply chains [4][6]. - Environmental regulations and public opposition in the West further complicate the establishment of new mining and processing facilities, leading to lengthy approval processes [6]. Group 3: Strategic Shifts - China is transitioning from being a global supplier to a self-sufficient consumer, prioritizing its own rapidly growing industries such as electric vehicles and renewable energy [6]. - The pricing of rare earths is increasingly influenced by Chinese government policies rather than market supply and demand, indicating a shift in the global economic landscape [6].