As global demand for rare earth elements rises, U.S. companies are initiating a process to reduce their reliance on China by rapidly expanding domestic production, processing, and recycling. For national and economic security, the U.S. government, including the Department of Defense and the Department of Energy, has stepped in to strategically fund rare earth supply chain projects.
In Rare Earth Minerals: Potential for Critical Mineral Sovereign Fund and Other Backing, William Blair’s Neal Dingmann, energy research analyst, describes how these investments are expected to drive a surge in U.S. mine-to-magnet capacity, which refers to the process rare minerals undergo from extraction to production. This would secure critical minerals, strengthen supply chains, and support both national security and the clean-energy transition.
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