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AI Summary
- China's dominance in rare earth metals processing gives it significant leverage in trade negotiations despite not having natural resource advantages, due to decades of building industrial infrastructure
- Heidi Crebo-Rediker from CFR argues the US can become competitive in rare earths by developing its industrial ecosystem, with existing resources and the right technological and policy support
- The rare earths market represents a critical vulnerability for US companies and offers an opportunity for strategic domestic development to reduce geopolitical dependence on China