U.S. defence firms scramble for rare earth minerals after China blocks exports
The Telegraph reports: The US is scrambling to get hold of the rare earth metals needed to make weapons after China slashed its supply to American defence firms. Prices of some rare earths have increased more than 60-fold after Beijing restricted the export of the materials for defence purposes earlier this year, amid a trade war with the US. Beijing controls around 90 per cent of the world’s rare metal supply and dominates the production of many other critical minerals,…