US Critical Minerals Push Seen as Too Late to Break China's Grip

The Trump administration has launched its most aggressive federal intervention in critical minerals and rare earths, with equity and debt packages for companies like MP Materials and U.S. Rare Earths. However, the analysis argues this belated gambit will not meaningfully erode China's dominance in the sector, which is vital for energy transition and AI. The strategic gap persists despite US efforts, underscoring a structural dependency.