And Americans are capitalists. And the price was so variable and often low. Wasn't good business to go into it. I get that. But what happened was One country completely dominates the [rare earth] supply chain and has huge strategic leverage. Everything that has a button on it, your car, your phone, your computer, your, your heating system in your house, everything has these little magnets that are made out of rare earths because they're, they're small, they're compact, and they still work at high temperature. (44:04–44:10)
CLAIM
Asserts that a single country dominates the rare earth supply chain, giving it strategic leverage.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
