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Challenges and Complexities in Rare Earth Elements Industry
The chapter explores the difficulties in economically viable rare earth elements (REEs) with small deposits, comparing them to finding a single skittle in a bucket of M&Ms. It delves into the complexities of the REE production chain, discussing extraction, refining, and the importance of these elements in technology and defense. The chapter also examines the national security implications of China's dominance in the rare earth industry and efforts by other countries to reduce dependency and establish domestic refining capabilities.