Rare earths are neither financially valuable nor financially viable

The geo-economics of rare earths:

Expensive to produce, expensive to store … so what’s the solution? Government intervention — and lots of it. All along the supply chain, the US has stepped in. It has bought stakes in several US rare earth producers, struck offtake agreements with some of those producers to ensure a minimum price for their products, and pledged $10bn in debt backing for Project Vault, a stockpiling initiative designed as a backstop against shortfalls in raw materials. So after all those moves, the west is FREE from Chinese hegemony, right? Right?