China currently controls over 80% of the global rare-earth production, a critical component in various high-tech applications.
Since 2010, U.S. domestic production of rare-earth minerals has decreased by 50%, largely attributed to stringent regulatory frameworks that limit exploration and extraction efforts.
This reliance on Chinese imports not only compromises supply chain stability but also raises national security concerns, necessitating a reevaluation of regulatory approaches to enhance U.S. production capabilities.