Trump Moves to Accelerate U.S. Rare Earth Mining Projects Amid Rising Pressure From China’s Monopoly

According to the Associated Press, America’s only rare earths mine is seeing a surge in interest after China imposed export controls in response to Trump’s tariffs. Mountain Pass Materials said it will halt exports to China and process only some of its mined material on-site while storing the rest. The U.S. cannot meet domestic demand alone, prompting Trump to fast-track mine permits and encourage new projects in Nebraska and Montana. China controls 90% of the global supply and most processing capacity.