121 - Rare Earth Elements: The Futile Fight Against China
The Red Line
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Challenges and Considerations in the Rare Earth Industry
The chapter explores the financial risks and power dynamics involved in private companies starting a rare earth mine, focusing on factors influencing their decision-making process. It also delves into the challenges faced by countries in mining rare earth elements, discussing uncertainties, environmental issues, and competition with other nations. Additionally, it examines potential solutions such as government nationalization and the importance of strategic considerations for both the private sector and governments in the rare earth industry.
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