1/2 Many analysts seem to think that China's move on rare earths...
Michael Pettis@michaelxpettis
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Oct 21, 2025
~1 min read
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Many analysts seem to think that China's move on rare earths give it a permanent chokehold on critical minerals. That may make it a very exciting story, but I suspect that it will instead mean that in few years, and sooner than we expect, there...
open.substack.com/pub/nixons/p/h…
Many analysts seem to think that China's move on rare earths give it a permanent chokehold on critical minerals. That may make it a very exciting story, but I suspect that it will instead mean that in few years, and sooner than we expect, there...
open.substack.com/pub/nixons/p/h…
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will be a glut in rare-earth production and processing. After all, if all the advanced economies decide they urgently need secure access to these metals, and if the constraint is not mining but processing, wouldn't they spend a fortune to quickly build processing capacity?
will be a glut in rare-earth production and processing. After all, if all the advanced economies decide they urgently need secure access to these metals, and if the constraint is not mining but processing, wouldn't they spend a fortune to quickly build processing capacity?