U.S. producers have reported that they will not be able to build enough processing and magnet capacity by the January 1, 2027 deadline to cut off Chinese rare earth materials:
China still controls the overwhelming majority of global rare earth refining and magnet production, giving it significant leverage over supply chains for electric vehicles, wind energy, robotics, and defense:
Companies like MP Materials, Lynas, and USA Rare Earth are ramping up domestic production, but executives say full replacement of Chinese supply won't happen by early 2027:
