US Rare Earth Pricing System Aims to Disrupt China’s Dominance

Post Views: 322 Rare earth pricing system The US government recently announced a rare earth pricing system to weaken China’s market control. China controls 90% of rare earth supply, using low prices to discourage investment elsewhere. The new system guarantees a minimum price for MP Materials, the only domestic rare earth miner. This price is nearly double the current market rate. The move encourages Western miners to boost production of metals like neodymium and praseodymium. These metals are essential for EV motors, wind turbines, and military technology. MP Materials, based in Las Vegas, pl...