I just heard someone say that it will take more than a decade for US to establish the rare earth supply chain, what are the people estimating here?
My estimate is 3-5 years, and I can expound on that. For China, it must aim for complete tech self sufficiency in this time horizon.
In Nov 2024, America started to re-establish its TNT production in Muhlenberg County, Kentucky.
If everything goes on well, the facility will be available in Nov 2028, i.e. 4 years.
The investment is $435 million.
To set up RE processing from scratch is likely to be much more difficult.