Rare earths aren't really that rare, so probably not. Everyone has lots of rare earths, the rare thing is an environmental policy that allows them to be mined economically.
Not everyone has lots of rare earths... USA for example has just 1.8 million tonnes, and Europe currently has no significant rare earth mines. Rare earths are everywhere, true, but it is very rare to find them in high enough concentrations to be worth mining.
https://investingnews.com/daily/resource-investing/critical-...