US Needs Another Decade to Fix $1.2 Trillion Rare Earth Crisis

Name: US Needs Another Decade to Fix $1.2 Trillion Rare Earth Crisis
Uploaded: 2026-05-15T19:53:13.000Z
Duration: 7 min 55 s
Description: US Needs Another Decade to Fix $1.2 Trillion Rare Earth Crisis

Written by BloombergPublished May. 15 2026Last Updated May. 15 2026

Rare earths are the backbone of modern tech, and China has cornered the global market for them. As it uses that dominance as geopolitical leverage, can other countries break its grip? Joe Deaux, Bloomberg News Corporate and Economic Statecraft Reporter joins Bloomberg Businessweek Daily to discuss why global powers are racing to secure rare earths.