Pentagon's 'Deal Team Six' Aims to Challenge China's Grip on Rare Earth Power
Geopolitics · Bloomberg ·
A group of former Wall Streeters operating from an office near the White House is leading the Pentagon's ambitious plan to crack China's stranglehold over rare earths and the magnets that power everything from microwave ovens to missiles. The aggressive dealmaking push, a sharp break from the past decade, aims to prevent another supply cutoff like the one that forced Washington to back down in last year's trade war.