China Rare Earth Price Control: How Beijing Dominates Global Supply Chains and What Japan’s Strategy Teaches the West
China controls 70% of rare earths, dictating prices and supply. Japan reduced dependence—can the U.S. learn before the next crisis?
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Charles Pitts is the publisher of Skillings Mining Review, the trade journal that has covered mining since 1912. He writes on the macro forces behind metal prices: commodity cycles, sovereign capital and the shifting sources of demand. His current work argues that hyperscale AI, and the gigawatt-scale power its data centres need, is becoming a buyer of lithium and copper in its own right, competing with the automotive supply chain for tier-one reserves.
China controls 70% of rare earths, dictating prices and supply. Japan reduced dependence—can the U.S. learn before the next crisis?
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