Story perspectives

West Seeks Rare Earth Alternatives Amid China’s Monopoly

9/13/2025

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Summary

Story summary

The West aims to lessen dependence on China for rare earth magnets due to export restrictions disrupting manufacturing.
Currently, less than 1% of rare earths are recycled, but companies like Cyclic Materials and American Resources Corp are working on improving this.
McKinsey forecasts a significant rise in rare earth demand, especially for electric vehicles and renewable energy.
China maintains a near-monopoly on rare earth processing, influencing geopolitical negotiations.
Malaysia's substantial rare earth deposits could enhance its role in the global market.

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Story summary

The West aims to lessen dependence on China for rare earth magnets due to export restrictions disrupting manufacturing.
Currently, less than 1% of rare earths are recycled, but companies like Cyclic Materials and American Resources Corp are working on improving this.
McKinsey forecasts a significant rise in rare earth demand, especially for electric vehicles and renewable energy.
China maintains a near-monopoly on rare earth processing, influencing geopolitical negotiations.
Malaysia's substantial rare earth deposits could enhance its role in the global market.