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The US has a single rare earths mine. Chinese export limits are energizing a push for more

Rare earth elements — ingredients in EVs, advanced fighter jets, smartphones and more — aren’t actually rare, but it’s hard to find them in a high enough concentration to make a mine worth the investment.

This 2024 photo provided by MP Materials shows an aerial view of the company’s mine in Mountain Pass, Calif. (MP Materials via AP)
This 2024 photo provided by MP Materials shows an aerial view of the company’s mine in Mountain Pass, Calif. (MP Materials via AP)
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Experts say prices are likely to increase quickly if China extends its import controls.

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