đșđž America is finally breaking its dependence on Chinaâs rare earths â and the shift is speeding up. âĄïž
The US is now on pace to source around 94% of its rare earth demand from its own soil by 2030. Thatâs a massive leap from just 20% in 2024, showing how quickly America is pushing to secure its supply chain for critical minerals used in EV motors, defense tech, and advanced electronics. đđ
Meanwhile, the rest of the world isnât moving nearly as fast. By 2030, other countries combined are expected to meet only 38% of their rare earth needs domestically, up from 18% last year. đ
Still, China will remain the heavyweight in this space. Even with global diversification efforts, Beijing is projected to supply about 60% of the worldâs rare earth elements for high-performance magnets by 2030. đšđłđ§Č
However⊠thereâs a catch. Western nations will continue depending heavily on China for heavy rare earth processing â roughly 91% through 2030, though thatâs a slight improvement from 99% in 2024, according to Benchmark Mineral Intelligence. Heavy rare earths are harder to mine, tougher to refine, and essential for military-grade tech, so this bottleneck remains a major strategic vulnerability. đĄïžâïž
To close that gap, the US and its allies are ramping up investments in refining facilities, recycling technologies, and new exploration projects. Itâs a slow road, but the direction is clear: a more resilient, localized rare earth supply chain is finally taking shape. đ±đïž
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