The names — holmium, europium, ytterbium, thulium, erbium — don’t show up in any of the investing classics. But they’re fast becoming an integral part of the Wall Street lexicon.
These minerals, and others in the category known as rare earths, are used to make advanced weaponry, cutting-edge computer chips and high-tech cars. And China, which controls some 70% of the mining and near 90% of processing, is curbing access to them.
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