The Rise and Fall (and Possible Rise?) of US Rare Earths

The US once dominated the rare earth industry, but strategic missteps led to China taking the lead. This article recounts the history of the US rare earth industry, focusing on Molycorp's failed partnership with China and how China quickly mastered rare earth processing and permanent magnet production. While the US government has recently invested heavily to rebuild its rare earth supply chain, it faces challenges from market demand, technological hurdles, and China's strong competitive position. The author questions the viability of a US rare earth revival, noting that demand may be lower than anticipated and alternative technologies are developing.