The entire word relies on China for rare earths: Brazil imports 97% of all its rare earths from China, the most among major global economies. Turkey follows with 93%, while Germany and the UK import 91% and 89%, respectively. Korea relies on China for 80% of its rare earth supply, while the US depends on China for 78%. This comes as China’s estimated rare earth reserves have reached 44 million metric tons, 23 TIMES larger than the US. China’s dominance in rare earths is quickly becoming one of the most powerful dynamics in the global economy. The world needs China.(The Kobeissi Letter)