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Devs fighting to keep their memecoins alive during this chop
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RARE EARTHS ARENβT RAREβCHINA OWNS THE REFINING, NOT THE MINES
Elonβs right: rare earth minerals are found all over the worldβincluding in the U.S.βbut China controls over 85% of global refining. Thatβs the chokehold.
The problem isnβt digging the stuff up. Itβs turning it into magnets for EVs, missiles, and wind turbines. Even U.S.-mined material often gets sent to China for processing.
Until America rebuilds its heavy industry, it will stay dependent. The minerals are hereβbut the power is still there.
Source: USGS, IEA
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Elonβs right: rare earth minerals are found all over the worldβincluding in the U.S.βbut China controls over 85% of global refining. Thatβs the chokehold.
The problem isnβt digging the stuff up. Itβs turning it into magnets for EVs, missiles, and wind turbines. Even U.S.-mined material often gets sent to China for processing.
Until America rebuilds its heavy industry, it will stay dependent. The minerals are hereβbut the power is still there.
Source: USGS, IEA
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