One American Company Taking on China's Rare-Earth Dominance

一家美国公司挑战中国稀土霸权

The Journal.

2025-07-22

18 分钟
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单集简介 ...

Tiny rare-earth magnets are used for building phones, electric cars, and submarines, but nearly all of them are mined and made in China. One U.S. company is trying to change that. WSJ’s Jon Emont spoke with MP Materials’ CEO about his goals for the mine, which has now made deals with the Pentagon, General Motors, and Apple. Can this industry come back the U.S.? Jessica Mendoza hosts.  Further Listening: -Why Trump Wants Ukrainian Minerals  -Greenland Has Tons of Minerals. So Where Are All the Miners?  Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • So I'm standing in front of what's likely the second largest rare earth mine in the world.

  • That's our colleague John Emont at a mine called Mountain Pass, out in California's Mojave Desert.

  • It looks like the Grand Canyon.

  • It's this giant crater that's been dug for decades.

  • now and you just see these ridges of red and gray stone and John visited the mine back in June and he went to see it because it's the site of the u.s.

  • Largest underground reserve of rare earth minerals.

  • These minerals are used to make special magnets that are crucial for all kinds of things.

  • I Asked John to explain them Rare earth magnets are extremely powerful.

  • They can attract objects hundreds of times their weight.

  • And they're very useful in things like electric motors, which are used in automobiles, including electric vehicles.

  • They're used in headphones and you know, for audio devices.

  • They have a lot of military uses.

  • So they're needed in missile systems are needed in F-35 fighter jets are needed in nuclear submarines.

  • They're very important for a range of high technology applications.

  • Most of the rare earth magnets that are used today come from China.

  • And as geopolitical and economic tensions between the US and China grow, the US is trying to get back in the game.

  • The mine John visited is at the center of the country's effort to build up its rare earth capacity.

  • And the issue has become increasingly urgent.

  • The United States has a huge problem on its hands.

  • There are just a lot of industries that have been totally eroded in the United States.