Investors Are Racing to Find America's Next Rare Earth Winner The Pentagon's investment in MP Materials has sent shockwaves through the rare earth industry, signaling a decisive shift towards domestic production and marking the beginning of a new era of competition.
For decades, China's dominance over critical mineral markets allowed it to dictate supply chains and corner key resources.
At the heart of this development is the reality that Mountain Pass, the only large scale rare earth mine in the US, cannot meet demand alone.