After getting an early taste of the REE card in the early 2010s Japan worked very hard to not totally depends on China to source their REE. The result of such effort is today Japan "only" imports 60% of its required REE from China, of which the heavy REE 100% of the import comes from China.Western elites are such hypocrites; all they believe in is power. From European Christian monks hypocritically breaking their commandment against stealing with the theft of Chinese silkworms to current Europeans blithely ignoring their supposed liberal democratic screed that innovation could only come from democracy by trying to steal Chinese EV tech, it is clear that the the role of a nemesis like China is sorely needed by the world. China is like the anti West- secular, rational, pragmatic and infinitely more compassionate and humane- just compare societal norms and the role of government towards the people.
Fun fact, when the first penal colony of Australia was set up, many convicts both men and women tried to flee north to China because they saw China much as the west is now starting to see China, remember this was before the opium wars as well.
why Japan despite wanting to commit seppuku by PLA still relies on Chinese rare earths
So that should give you some rough idea how US effort into developing their own REE industry will go.