Jeremy Siegel Slams US Rare Earths Shortage As 'Scandalous,' Warns of China's Growing Monopoly: 'Where Were We...'

Veteran economist Jeremy Siegel criticized the U.S. for lacking a strategic reserve of rare earth materials, highlighting China's dominance in the sector. He emphasized the need for a reserve to counter China's 90% control over refining these materials. Siegel expressed optimism about resolving U.S.-China trade tensions, while rare earth stocks surged following a $1.5 trillion investment from JPMorgan Chase. The U.S. has the majority of rare earth elements, and experts suggest potential strategies to bolster domestic production.