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rare earths: World battles to loosen China's grip on vital rare earths for clean energy transition

MP Materials and Lynas, the worlds two largest rare earths companies after China, are struggling to refine its metals into magnets used in renewable energy technology. A dozen consultants, executives, investors and industry analysts say technical complexities, partnership strains, and pollution issues hinder the companies ability to capture market share from China, which controls 87% of refining capacity globally.
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World battles to loosen China's grip on vital rare earths for clean energy transition

Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas.The world's two biggest rare earths companies outside of China are facing challenges turning rock from their mines into the building blocks for magnets used across the global economy, from Apple's iPhone to Tesla
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