China Targets US Rare Earths Firms in Response to Pentagon

AI Summary

China has targeted US rare earth firms as a countermeasure to Pentagon actions amid ongoing competition in critical minerals infrastructure. Investments in US rare earth capabilities continue to grow, but technological advancements and market competition remain long-term challenges.

Gracelin Baskaran, director of the critical minerals security program at the Center for Strategic and International Studies, said that while the US has made 'unprecedented' moves to invest billions of dollars in rare earths infrastructure to compete with China, it is still a long term process as investment grows and technology gets more advanced. (Source: Bloomberg)