China’s tightening grip over the minerals that power advanced technologies has moved from long-term strategic concern to immediate economic threat—and the U.S. is woefully unprepared, Wharton’s Jeremy Siegel warned. “It’s scandalous that we don’t have a rare earth strategic reserve,” Siegel told CNBC’s Squawk Box Monday, calling it a major security failure. “We let China monopolize 90% of refining rare …
Read More »‘Scandalous’: top economist Jeremy Siegel warns U.S. sleepwalked into rare-earths crisis as China tightens its grip
