# The Pentagon Funded Its Way Out of Chinese Rare Earths. The Factory Wont Be Ready in Time. - Date: 2026-04-21 - Category: Space & Aerospace The Pentagon bet $400M and a guaranteed price floor on the only US rare earth mine. The magnet factory it funded opens in 2028. A defense law banning Chinese rare earths takes effect January 2027. Sprott just launched the first ex-China rare earth ETF to track what happens next. ---