This article delivers a novel economic analysis of US dependence on China for rare-earth elements and sheds light on how Western nations may exploit the limitations of limit pricing to break China’s global monopoly in rare-earth element production and refinement. This analytical framework, supported by a comprehensive literature review, the application of microeconomic and industrial organization concepts, and two case-study scenarios, provides several policy recommendations to address the most important foreign policy challenge the United States has faced since the end of the Cold War.
Digital Object Identifier (DOI)
Gustavo Ferreira & Jamie Critelli, "China’s Global Monopoly on Rare-Earth Elements," Parameters 52, no. 1 (2022): 57-72, doi:10.55540/0031-1723.3129.
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