China has dominated the market in recent years, and by 2017 it produced more than 80% of the world’s supply. Beijing has achieved this by pouring resources into the research and mining of rare earth elements for decades, establishing six major state-owned companies, and relaxing environmental regulations to implement methods. high pollution and low cost method. The country then rapidly ramped up its exports of rare earths in the 1990s, a sudden rush that bankrupted international competitors. Further development of rare earth industries is a strategic goal of Beijing’s Made in China 2025 strategy. The country has repeatedly demonstrated its…