The recent suspension of rare earth mineral exports by China marks a pivotal moment for global economies, revealing the dangers of dependency on China's quasi-monopoly in this sector. With China controlling 69% of the mining and 85-90% of the refining of these critical materials, experts suggest dire consequences could follow if steps aren't taken soon to diversify supply chains. This geopolitical tension especially threatens the defense industry and any technology reliant on these essential resources, setting the stage for potential economic turmoil and calling for urgent action.
The world could face an economic collapse in just a few decades if we don't reduce our dependency on China's rare earth supply.
China's control over 69% of global rare earth mining and 85-90% of refining creates a significant geopolitical risk.
The suspension of rare earth exports by China could have immediate and long-lasting impacts on economies, particularly in defense and technology sectors.
Without China's processing dominance, minerals from elsewhere become functionally useless, escalating the urgency to find alternatives.
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