Does anybody else find "rare earths" (稀土) a funny word (short for "rare earth minerals" or "elements")? In Europe last week I saw a guy in a baseball cap that said "there is no planet B." The earth is rare indeed -- we have only one!
Reposted from Judah Grunstein
In her WPR column yesterday, Mary Gallagher detailed just how China cornered the market on rare earths, which is very similar to how it cornered the market on EVs.

China's mass and state-party system essentially allow it to corner the market by breaking the market.

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