Wedoany.com Report on Feb 13th, Recently, many countries around the world are actively promoting the acceleration of rare earth production to address strategic risks in the supply chain. The demand for rare earth elements continues to rise, particularly due to their wide application in green technologies such as electric vehicles and wind turbines, with materials like neodymium magnets receiving significant attention. China's dominant position in the rare earth supply chain has prompted other nations to take measures to reduce their dependence.

The United States recently announced a $12 billion (approximately £9 billion) fund aimed at establishing reserves of critical materials, such as rare earths. This move is seen as an effort to address potential supply disruptions. Previously, international trade tensions had raised concerns about rare earth supplies, leading many countries to seek diversification of their supply chains.

The European Union has passed the Critical Raw Materials Act, aiming to strengthen domestic production capacity for key minerals, while the United States has also introduced related legislation to support the rebuilding of supply chains. These actions indicate that the world is accelerating rare earth production to mitigate strategic risks and ensure the stable development of the technology industry. As demand grows, the diversification of the rare earth supply chain will become a key focus in the future.