A major Arctic breakthrough in Alaska may dramatically weaken China’s long-standing dominance over rare earth minerals, following confirmation that the GraphiteOne project near Nome has uncovered significant reserves of rare earth elements (REEs) alongside what is already the nation’s largest graphite deposit.
China has suspended exports of critical rare earth minerals and magnets, escalating its trade war with the United States in direct retaliation to President Donald Trump's newly implemented 145% tariffs on Chinese imports.
President Donald Trump has proposed that Ukraine provide the United States with access to its rare earth elements as a condition for ongoing U.S. military and economic assistance in its conflict against Russia.
