<ul><li>China, the world's largest refiner and producer of rare earth minerals, is tightening its grip, posing a threat to the US' largest automakers and other industries.</li><li>Over the last 30 years, China has dominated the market for mining and refining rare earth minerals, crucial for various applications like electronics and vehicles.</li><li>The US faces a critical problem as China's dominance in rare earth minerals puts American industries, including the auto sector, at risk.</li><li>More than 90 percent of the world's supply of rare earth minerals are processed in China, creating concerns amid escalating trade tensions.</li></ul>

A new cold war is brewing over rare earth minerals

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