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MP Materials mines and processes rare earth minerals in California, including neodymium-praseodymium oxide used in high-performance magnets. David McNew/Getty Images

How the US gave up its edge to China in processing vital rare earth minerals – and what that’s costing

Today, China controls the vast majority of rare earths processing. That gives it enormous political leverage, and its trade truce with the US involving those minerals expires Nov. 10, 2026.
A farmer holds kernels of oil palm fruits in Jakarta, Indonesia, on May 17, 2022. Indonesia, one of the world’s top palm oil exporters has banned exports of cooking oil and its raw materials to reduce domestic shortages and hold down skyrocketing prices since late last month. (AP Photo/Tatan Syuflana)

The impact of Indonesia’s ban on palm oil exports reverberated across the globe

Over the past two years, labour restrictions, climate change and violent conflict have contributed to the record-breaking high prices of vegetable oil around the world.

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