Sweden and Turkey announced large discoveries of rare earth minerals this month. Sweden’s discovery in particular could be a major step toward breaking Chinese dominance in the rare earth industry.
French Institute of International Relations Center for Asian Studies director Francoise Nicolas threw a little cold water on these hopes by noting that it could take up to 15 years for Sweden’s new find to affect the market.
“In the coming period, we will see an unnamed struggle, a war in the field of rare earth elements, just as the energy wars were experienced in the past,” Donmez predicted. F-35 Lightning II aircraft assigned to the 34th Fighter Squadron, departs from a KC-10 Extender aircraft on Feb. 24, 2022.
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