How the US Handed This Entire Industry to China

Описание: Rare Earth Elements are often called 21st-century gold. They power everything – from EVs and smartphones to F-35 jets and nuclear submarines – and a mine in Mountain Pass, California, once produced 60% of the world's rare earths, making the US the undisputed leader in rare earth production. But something happened in the 1980s that handed America’s rare earths dominance over to today’s leader: China.
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The Hustle’s Noelle Medina breaks down how the US inadvertently built China’s rare earths empire and answers the question: Will we ever catch up?

Check out our colleague, Mark Dent’s, related story about rare earths here: https://thehustle.co/originals/what-t...

Also, we talked briefly about permanent magnets in this video — if you want to learn more, I found this source helpful:
   • Permanent Magnets and Induced Magnets - GC...  

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