Atlas Critical Minerals's

China controls over 90% of the global rare earth processing industry, supported by its established supply chain and processing infrastructure developed over several decades. Other countries with notable rare earth reserves include Brazil with 21 million metric tons, India with 6.9 million metric tons, and Australia with 5.7 million metric tons. Despite these reserves, these countries face challenges in competing with China's processing dominance. Rare earth elements are essential to various industries, including renewable energy, where they are used in the production of high-performance magnets for wind turbines.