As the West is looking at ways to shake off China’s dominance in rare earths supply, it is also moving toward breaking the Chinese stronghold on the pricing of these minerals critical for the defense and auto industries and national security. The United States is developing and pitching to allies a price floor mechanism to protect the rare earths markets and mineral supply from Chinese manipulation and government policies aimed solely at strengthening China’s dominant grip on the global market. The move from the U.S. to have a Western…