China currently has the largest reserves of rare earth on the planet

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Written By Jennifer Joslyn

🫠 China currently has the largest reserves of rare earth on the planet.

Not only that, but they are also in the top slot for rare earth concentrate production and control up to 90% of the semiconductor chip global manufacturing supply chain. Bottom line: The county has immense leverage over the industry and the rest of the world is hoping to change the tides. Australia, Europe, and the United States have all recently invested heavily in chipmaking plants and are exploring options when it comes to sourcing rare earth minerals.

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