It's unrealistic to believe the U.S. can break China’s monopoly over the rare earth element market through private investment and the opening of new domestic mines.
Dennis McRae, senior director of consumer and industrial products with West Monroe, explains why it has become "very feasible" for manufacturers to shift operations from China and other parts of Asia back to the U.S.
Ray Huang, head of Asia and principal engineer with Exponent, provides an update on the progress of factories in Asia and elsewhere in resuming full operations — and discusses the obstacles that might stand in the way.