McKinsey & Company analysts project a significant global shortfall in rare earth supply by 2035, potentially reaching 30%. This shortage is particularly acute for heavy rare earths crucial for electric motors and missile guidance systems, with non-Chinese producers expected to meet less than 20% of demand. China's dominance stems from its mastery of the complex and toxic refining process, a strategic advantage cultivated over decades. AI
IMPACT Potential supply chain disruptions for AI hardware components reliant on rare earth elements.
RANK_REASON The article discusses a projected significant global supply shortfall of critical materials, impacting multiple industries and national security, based on analysis from major consulting firms. [lever_c_demoted from significant: ic=1 ai=0.4]
- Benchmark Mineral Intelligence
- Chad Bown
- China
- CHIPS Act
- CRU Group
- dysprosium
- How to Win a Trade War
- rare earths
- McKinsey & Company
- Michel Van Hoey
- Molycorp
- Peterson Institute for International Economics
- Soumaya Keynes
- terbium
- Xi Jinping
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