Not true? Rare Earth mining fizzled and maybe bankruptcys occured years ago when China and others could produce much cheaper. The Trump and now Biden administrations have decided to try and pull production back to the US, so that strategic production is not held hostage by foriegn power and that supply chain is easier controlled. Even though production may cost more, this will help prevent the likes of current supply chain problems being felt by car manufacturers waiting for computer chips as an example.
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