Washington Secures Global Rare Earths to Break Chinese Monopolies #
Two enormous, sandlike dunes at an old chemical processing plant in Phalaborwa, South Africa, now represent the frontline of American mineral imperialism. The United States has initiated a $50 million equity investment through its International Development Finance Corporation into the Phalaborwa Rare Earths Project. According to Rainbow Rare Earths Chief Executive George Bennett, the firm hopes to supply the extracted materials predominantly to the U.S., explicitly linking the investment to defense systems. This capitalization aligns directly with President Trump's central…