Can the rest of the world challenge Beijing’s dominance of high-performance magnets by developing new mining projects?

Rare earth stocks moved higher Monday after Beijing's denunciation of President Trump's intervention in Venezuela underscored the urgency of setting up a non-China supply chain for rare earth magnets critical for the U.

China is pioneering a green transformation of its rare earth industry through world-leading technological innovation, setting global standards for sustainable mineral extraction, company executives and experts said.

As global competition for rare earths intensifies, Greenland’s reserves are likely to remain central to strategic discussions.

Denmark has poured more than $10 billion into Arctic defense over the past year — including $2 billion in January 2025 for patrol vessels, long-range drones and a military command headquarters in Nuuk, Greenland’s capital. Denmark committed another $4 billion last October, plus $4.5 billion for U.S.-made F-35 fighter jets.

Gaining American government control over rare earth minerals is part of a broader approach to combating Beijing.

America’s ability to make precision-guided missiles was threatened during Trump’s tariff war. But experienced players have rescued the supply chain, for now.

Aiming to break free of reliance on China, other countries are also scrambling to build new supply chains. Read more at straitstimes.com. Read more at straitstimes.com.