Rare Earths Betrayal: US Companies Prioritize Asian Markets Over Domestic Demand The Trump administration's push to develop a national rare earth supply chain has been met with little enthusiasm from American consumers, who instead choose to import these critical minerals from Japan and South Korea.
This irony is striking, given the billions of dollars in government support funneled into companies like MP Materials, Energy Fuels, and Phoenix Tailings.
These Washington backed ventures have successfully produced rare earths products, but their primary market lies across the Pacific Ocean.