#ANINews ‘Everyone Depends on China’: The Rare Earth Monopoly and How India & US Are Building Alternatives

‘Everyone Depends on China’: The Rare Earth Monopoly and How India & US Are Building Alternatives
China has tightened control over rare earth minerals, the materials used in mobiles, electric cars, and even fighter jets. In response, the United States has warned of new tariffs, adding fuel to the ongoing trade war between the two biggest economies in the world.
As countries scramble to secure their own supply chains, India, the U.S., and Europe are racing to reduce dependence on Beijing’s rare earth monopoly.
In this episode, with ANI’s Sanat Prakash, Neha Mukherjee, Research Manager at Benchmark Mineral Intelligence, explains why China’s move matters, how other nations are reacting, and why these minerals have become the new weapon in global politics.

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