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US rare earth miner MP Materials has stopped concentrate shipments to China due to 125% retaliatory tariffs, impacting 80% of its previous revenue. This move aligns with US efforts to build a domestic supply chain, despite a short-term financial hit. MP Materials is investing heavily in US processing and production, though it still lacks domestic heavy rare earth separation capabilities, a crucial area where China maintains a monopoly. Analysts predict supply chain disruptions unless negotiations with China succeed, highlighting the geopolitical tensions surrounding rare earth minerals.

Prepared by Christopher Adams and reviewed by editorial team.