Central Asia Seen as Key to Breaking China’s Rare Earth Monopoly
WASHINGTON — U.S. officials hoping to break China’s near monopoly on the production of rare earth elements needed for many cutting-edge technologies should engage the governments of Central Asia to develop high concentrations of REEs found in the region, says a new report. The study by the U.S.-based International Tax and Investment Center warns that a failure to act could leave China with a “decisive advantage” in the sector, which is crucial to green energy, many new weapons systems and other advanced technologies. “As the uses for these minerals has expanded, so too has global competition for them in a timemore
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