America Trails In Global Race For Rare Earth Elements

The global competition for critical minerals is heating up and the US isn’t winning. Among these critical minerals is a subset known as rare earth elements (REEs) which are vital to everything from the energy transition to national defense. On March 4th Tesla announced its partnership with a nickel mine in New Caledonia. The announcement comes amidst emerging rumors that China will impose export limits on rare earths metals. What’s the connection?

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