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00:16 Report by / Dagmar Zindel

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Rare earths are in high demand. And that's because they are used in many technologies - in electric vehicles, smartphones, and by the energy and defense industies as well. 

00:15 
The lion's share of reserves are in China... Reserves are defined as deposits that can be economically extracted and also mined.  

00:25 
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China has by far the most rare earths - followed by Brazil, which has half as much. 
And far behind them is the United States. 
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00:40
So even the US has a strong dependence on Chinese rare earths... It's something US President Donald Trump regularly criticizes because countries investing in key technologies cannot ignore China and its outsized reserves of rare earths. 

01:00
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China accounts for 61 percent of the total global production. The US has a meager 15.5 percent - Myanmar comes in at 9.4 percent - And Australia 8 percent. 
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01:18 
The US government has said it will invest heavily in domestic production. For example, it is investing 1.6 billion dollars in the mining company - USA Rare Earth - to be less dependent on China. And Washington wants to forge alliances with other countries - to end China's dominance.

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