[Saline9515]

This is plainly false. China bought the refining companies doing the extraction for rare earth in the US, extracted knowledge, then shipped the tooling to China and closed the US factories. Having no environmental regulation probably helped as well cost-wise, but that's not the fault of the USA.

https://www.counterpunch.org/2006/04/07/the-saga-of-magneque...

[queenkjuul]

That article doesn't say anything about selling a mine, it says the only mine was already in China. China bought an American magnet manufacturer which had been using Chinese neodymium to make magnets. It doesn't say anything at all about extraction.

Also, nobody forced US companies to sell those assets.

[dwd]

Originally there was the Mountain Pass mine, and China setup their own mines while also building out the refining and processing capacity. Until recently MP Materials was shipping all it's output to Chinese refiners.

The history and asset ownership is also quite convoluted. Try this Wikipedia article:

https://en.wikipedia.org/wiki/Neo_Performance_Materials

This article is quite good at explaining how China cornered the market:

https://thehustle.co/originals/what-the-hell-are-rare-earth-...

[Saline9515]

The article explicitly says that the magnet manufacturer was bought by a shell company owned by chinese interests, which lied when they pledged to develop the activity.

Not that it's very surprising (US companies routinely do this as well, especially in Europe), but in this case it had clearly an ulterior motive.

[queenkjuul]

I read the article, i know what it says.

OP claimed the Chinese bought a mine, and that the article was about REE extraction. Those weren't accurate statements.

(Oh, you're OP. You posted an article that didn't back up your claims, sorry not sorry)