Can America Build Rare Earth Resilience Without Beating China? ING and REEx See the Same War?but Measure Victory Differently

Highlights

• ING analysts argue America's mine-to-magnet strategy needs alternative supply, not China displacement, aligning with REEx's Great Powers Era 2.0 thesis.
• REEx introduces the Transition Vulnerability Window: the dangerous gap between recognizing China dependence and possessing scaled, customer-qualified alternatives.
• REEx rankings favor Lynas, MP Materials, and Neo Performance Materials for reducing time-to-qualified-molecule through operating capability and downstream integration.
• ING warns projected U.S. recycling capacity for 2035 already exceeds North American end-of-life magnet feedstock availability even by 2050.
• Investor alpha may lie in identifying companies that can convert government support into real, profitable production before the vulnerability window closes.