China controls 90% of rare-earth processing — now a $204 million US investment in France aims to change that

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• China controls roughly 70% of global rare-earth mining production

  60% confidence

• China controls about 90% of global rare-earth processing and refining capacity

  60% confidence

• Gold prices are at near-record highs driven by investor concerns about inflation, government debt, geopolitical tensions and market volatility

  60% confidence

• The USA Rare Earth investment aligns with US government efforts to build supply chains outside of China and secure access to materials critical to national security and advanced manufacturing

  60% confidence

• The France expansion may receive support from the French government

  60% confidence

• Despite the name, rare earths aren't especially rare — the challenge is processing them

  60% confidence

• The France expansion project could create more than 300 jobs

  60% confidence