China’s tightening grip on the world’s rare earth supply could mark a turning point in the global race for critical minerals, writes Frank Holmes, CEO of U.S. Global Investors (NASDAQ:GROW). Once seen as an economic initiative, Beijing’s Belt and Road strategy is increasingly revealing its strategic edge, through sweeping new restrictions on rare earth exports that threaten to disrupt industries from electric vehicles to defense. Holmes argues that this move underscores China’s dominance in the minerals ess ...

Three months ago, shares of rare earths companies ripped higher after MP Materials (NYSE:MP) unveiled a game-changing deal with the U.S. Department of Defense that marks the most aggressive federal intervention in the rare earths space in decades. The DoD-backed investment package will see the Nevada-based producer build out a fully domestic magnet supply chain and lock in long-term pricing support for neodymium-praseodymium, the critical alloy used in everything from fighter jets to iPhones. MP shares do ...