Highlights
- Senator Steve Daines advocates continued U.S.-China engagement despite ongoing rare earth export control disputes
- China's export-control regime remains active, causing months of zero yttrium shipments to the U.S. in 2026
- Diplomacy can relieve shortages temporarily, but only diversified supply chains eliminate the chokepoint
- The U.S. faces a two-clock problem: diplomatic timelines in weeks versus industrial build-out timelines in years
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