And Australia is betting big on this discovery with a billion dollar loan to a mining company to extract these metals - and disrupt a supply chain that China has monopolised. A month later, CEO Jim Farley revealed the pause was triggered by a shortage of rare earths, admitting the company was still struggling to secure reliable supply. Beijing has since agreed to let rare earth minerals and magnets flow to the United States, which eased the bottleneck.
Author: Suranjana Tewari
Published at: 2025-08-12 22:05:03
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