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Stock impact report

The US-China tech race is moving from chips to the raw materials they're made of [Business Insider]

MP Materials Corp. (MP) 
Supply chain and foreign relations experts told BI why the AI race is similar to a new Cold War. In the race against the US for global tech supremacy, China has the upper hand in at least one critical area: rare earths. The term refers to a group of 17 elements required to make tech products ranging from semiconductors to industrial magnets and some solar panels — the same items embroiled in the US-China trade war. For more than a year, Beijing has slowly been tightening its grip on critical minerals and rare earths. In December, China banned the export of a range of rare earth processing technologies. Last month, China further tightened its grip on the sector. Citing resource protection and national security, Beijing made it mandatory for exporters to track how rare earth minerals are used in supply chains. Now, there are fears that China could tighten the global rare earths supply chain even more. Here's what you need to know about rare earths, what makes them so valuab Show less Read more
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