Rare Earths: The Secret Elements That Could Spark a Global Power Shift

Rare earths are a collection of 17 metallic elements, which are essential for high-tech technologies such as electric cars, wind turbines, and electronics. Their strategic value has generated increased interest since China's hold on production and processing. The U.S. is looking for alternate sources, with negotiations ongoing with the Democratic Republic of Congo. Europe too is increasing domestic mining in an effort to cut dependence on China. The rare earth market is expected to grow to $16.26 billion by 2032 due to demand for green technology and government policies that encourage sustainable energy solutions.

Source: Global News Network