Commodities
US Allies Struggle to Break China’s Dominance of Rare Earths
- Lynas facility near Houston shows challenges facing industry
- Beijing controls about 70% of production of the key minerals
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A couple hours outside Houston, in a remote field near a Dow Chemical Co. plant, America’s bid to undercut China’s grip on the global supply of rare earth minerals critical to high technology has yet to break ground.
Even when it does, China’s dominance of the market — it controls about 70% of output and more than 90% of refining — means that goal will likely remain out of reach.