How America Plans to Rival China in Rare Earth Metals

​The United States has unveiled its strategy to challenge China and break its dominance over rare earth metal prices and supply chains. These supply chains are crucial for producing essential raw materials used in electric vehicles, batteries, renewable energy systems, and more. A United States geological survey from 2019 revealed that China controlled roughly 80 percent of total rare earth imports.

Under the Biden administration, there's a renewed focus on bolstering the United States' position in the rare earth metal supply chain. President Biden has committed $2 trillion to an infrastructure initiative aimed at revitalizing the country's power and transportation sectors. The United States has also channeled huge investments toward climate change technology. These efforts aim to curb geopolitical rivalries and the national security threat from China. They will also boost the nation’s semiconductor industry.

President Biden has also issued an executive order to assess the vulnerabilities in domestic supply chains for rare earth metals and other essential resources.

David D'Addario, New Day Aluminum LLC

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