The Magnet Bottleneck Nobody’s Talking About (And China Controls 99% of It)

By Nomi Prins – Prinsights

Most investors think the rare earth problem is just about mining.

It’s not.

The United States has rare earth deposits. We know where they are. We know how to dig them up. In fact, there’s a mine in California that’s been producing rare earth concentrates for years.

The problem is what happens next.

The issue is that rare earths aren’t useful just sitting in a barrel as a concentrate. They need to be separated into individual elements, purified to extreme specifications, and then manufactured into permanent magnets that can be used in electric vehicle motors, wind turbines, and F-35 fighter jets.

And that’s where the entire Western supply chain falls apart.