Part 4/10:
Beijing’s strategy may be misfiring, ironically driving nations worldwide—including the US, Europe, Australia, Japan, and South Korea—to seek alternatives to their dependence on Chinese supplies. The Trump administration is accelerating its efforts to boost domestic production, fast-tracking permits for new mining projects. European Commission officials are crafting similar plans to reduce reliance on China by building reserves of critical minerals.
This retaliation from Beijing not only spurs other countries to create independent supply chains but could also mark a pivotal moment where China's lasting grip on rare earth resources diminishes. This shift has the potential to undermine China’s leverage, possibly indicating a strategic evolution in supply chains that had long favored Beijing.