Western Nations Struggle to Dent China's Rare Earth Monopoly

China’s dominance in rare earth elements production and processing remains strong despite efforts by Western nations to reduce reliance. While China’s market share has declined slightly in recent years, it still controls about 67% of global production and 90% of processing. Western countries are investing in domestic rare earth projects and supply chains, but China’s established infrastructure and technological expertise make it challenging to significantly diminish its dominance in the near term.