China controls 90% of rare-earth processing — now a $204 million US investment in France aims to change that
View original at finance.yahoo.comChina controls 90% of rare-earth processing — now a $204 million US investment in France aims to change that Joe Raedle/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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The USA Rare Earth investment aligns with US government efforts to build supply chains outside of China and secure access to materials critical to national security and advanced manufacturing
60% confidenceThe France expansion may receive support from the French government
60% confidenceChina controls about 90% of global rare-earth processing and refining capacity
60% confidenceDespite the name, rare earths aren't especially rare — the challenge is processing them
60% confidenceGold prices are at near-record highs driven by investor concerns about inflation, government debt, geopolitical tensions and market volatility
60% confidenceThe France expansion project could create more than 300 jobs
60% confidenceChina controls roughly 70% of global rare-earth mining production
60% confidence