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China’s rare earth exports to the U.S. have collapsed.
Just 5,552 metric tonnes so far this year, down 26% from last year’s 7,446. That’s the lowest in five years. Beijing’s using rare earths as leverage, and they know exactly what they’re doing.China controls 92% of global refining and 98% of magnet production. Analysts say it would take the West ten years to even challenge that dominance. Deng Xiaoping saw it coming in 1992 when he said, “The Middle East has its oil, China has rare earths.” He wasn’t joking. China mines most of it, processes most of it, and makes nearly all the magnets that power jets, missiles, and smartphones.Tomorrow’s meeting between Trump and Xi in Busan is critical in finding a long-term solution.Source: StockMarket.News
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