Circumventing the Chokepoint: Can the US Produce More Rare Earths?
Payne Institute Director Morgan Bazilian and Gregory Wischer write about China’s dominance in the production of heavy rare earths affords it leverage over US national security and economic prosperity. To reduce this vulnerability, the US government has sought to increase domestic rare production, but to limited effect. To better encourage private sector investment in American rare earth projects, the industry’s high barriers to entry—including capital costs, technical challenges, and an incumbent oligopoly—must be addressed. October 30, 2023.