China’s Rare Earth Controls Signal End of Dollar Hegemony, Analyst Warns
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China’s new export restrictions on rare earth minerals — vital for electronics and defense — mark a turning point in global finance, says macro analyst Luke Gromen. With Beijing producing over 90% of global supply, the move exposes U.S. reliance on Chinese resources. Gromen argues that by targeting minerals underpinning America’s military power, China is directly challenging the U.S. dollar’s status as the backbone of the global order.