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The $19 Billion Rare Earth War: How China’s Mineral Monopoly Is Forcing the West Into Its Most Expensive Supply Chain Gamble in Decades

China controls 70% of rare earth mining and 90% of processing — a 30-year monopoly now at the center of great power competition. As the $19.3 billion market heads toward $33.7 billion by 2033, the West scrambles to build alternatives through billions in investment, Pentagon procurement deals, and executive orders. But can decades of dependency be unwound before the next crisis?

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