The global competition over rare earth and critical minerals has intensified, with China holding a dominant position in the extraction and processing of these essential resources. According to Dawn, China has built a 'near-monopoly' over the decades, which has significant implications for industries reliant on these minerals, such as electronics, electric cars, and military systems. The article highlights a pivotal moment when China countered US tariffs by restricting rare earth exports, compelling the US to reconsider its strategy. In response, former President Donald Trump initiated efforts to reduce dependency on China, including the establishment of 'Project Vault,' a strategic critical-minerals stockpile valued at $12 billion. This initiative underscores the geopolitical importance of securing alternative supply sources and reflects the broader strategic interests, such as Trump's controversial proposal to acquire Greenland, driven by its mineral resources.