China’s Got the Dysprosium. That’s a Problem.

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“The Middle East has oil. China has rare earth metals.” So said Deng Xiaoping, the architect of China’s post-Maoist opening and rise, in the 1980s, with remarkable foresight and precision. The rest of the world is only now grasping the implications of his insight for geopolitics in the 21st century.

The natural resource that shaped world politics in the long 20th century — which, for these purposes, started…

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