# @60minutes on TikTok

- **Type:** Video
- **Original URL:** https://www.tiktok.com/@60minutes/video/7620494224340831502
- **Gondola URL:** https://gondola.cc/posts/61027887-60minutes-tiktok
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/76117d227c.jpg
- **Posted:** 2026-03-23T16:50:18.000+00:00
- **Account Owner:** 60 Minutes (@60minutes) — https://gondola.cc/60minutes

## Caption

More than 90% of the world’s rare earth magnets are made in China, says James Litinsky, chairman and CEO of MP Materials. That concentration gives China significant leverage over a critical supply chain. The public-private partnership with MP Materials aims to reinvigorate the U.S. rare earths industry - and bring the supply chain back to American shores. “Free markets work, but they don't work if you have an adversary that controls a monopoly that controls the prices,” says Secretary of the Interior Doug Burgum. “To get this industry started again, we have to do some things to kick-start the private capital.” #rareearthmetals #supplychain #nationalsecurity #usmanufacturing 

## Stats

- **Views:** 14,200
- **Likes:** 438
- **Shares:** 10
- **Comments:** 34

## Tags

supplychain, usmanufacturing, nationalsecurity, rareearthmetals

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