Western nations face an estimated $23.6 trillion bill to fully decouple their supply chains from China, according to a new report. The figure, which covers the cost of rebuilding semiconductor, pharmaceutical, energy and rare-earth processing industries, underscores the scale of the challenge facing the United States and Europe as they seek to reduce strategic dependence on Beijing.
China controls roughly 80 percent of the global rare earth supply chain, according to a report by Belle Carter [2]. The U.S. military may have as little as two months of rare earth inventories remaining, based on intelligence and industry sources cited by Lance D Johnson of Natural.News.com [1]. In response, the European Union and the United States have announced a coordinated stockpile of critical minerals, including tungsten, rare earths and gallium, as reported by NaturalNews.com [9].
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