WORLD_ Post-China Rare Earth Monopoly Era Is Approaching as Beijing’s Strategy Backfires: Experts

THE EPOCH TIMES

Post-China Rare Earth Monopoly Era Is Approaching as Beijing’s Strategy Backfires: Experts

The United States and Western allies are working to establish a rare earth supply chain to counter China’s monopoly.

A man driving a front loader shifts soil containing rare earth minerals to be loaded at a port in Lianyungang, Jiangsu Province, China, on Sept. 5, 2010. STR/AFP via Getty Images

Jennifer Li
11/5/2025|Updated: 11/5/2025


As China uses its rare earth monopoly to threaten the survival of the U.S. military, computer chip, and automotive industries, it has spurred the arrival of a post-China rare earth monopoly era. The United States is working with allies to establish a rare earth supply chain independent of China.

Experts have also designed a mechanism to sustain the Western rare earth supply chain to counter the impact of China’s low-price strategy.

U.S. Treasury Secretary Scott Bessent told the Financial Times on Oct. 31 that Beijing’s threat to halt rare earth exports was “a real mistake,” and said that China can no longer use rare earths as a tool of coercion in the near future. He said Chinese leverage over the United States in rare earths would last no more than 12 to 24 months.

While there are differing opinions on how long it will take for the United States to establish its own rare earth supply chain, many officials and experts agree that China’s use of a rare earth monopoly to threaten the United States will be “shooting itself in the foot.”

Kenneth Rogoff, former International Monetary Fund chief economist and current Harvard University professor of international economics, told The Epoch Times, “I can guarantee you that China’s monopoly position will be badly weakened by its actions, because over time, countries will find other sourcing.”

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READ MORE: https://www.theepochtimes.com/china/post-china-rare-earth-monopoly-era-is-approaching-as-beijings-strategy-backfires-experts-5938982?ea_src=author_manual&ea_med=related_stories

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