Governments around the world are pushing for a greener future.

One full of renewables and electric vehicles.

However, for it to happen, we must get our hands on far more rare earth supply outside of China, as we noted on February 22 — especially as “tensions mount between China and the United States, automakers in the West are trying to reduce their reliance on a key driver of the electric vehicle revolution – permanent magnets, sometimes smaller than a pack of cards, that power electric engines,” as noted by Reuters.

In addition, as noted by ABC News, “As China’s relationships with a number of countries — Australia, Japan, the US, and Europe — has steadily gotten worse over the past 12 months, there’s a present threat that China may use its monopoly to deploy the rare earths weapon to punish others if they fall into diplomatic disagreements.”

That’s why the U.S. – which relies on 80% of China for rare earth imports is trying to find alternative sources. It’s also why stocks such as Lynas Corp. (LYSCF), MP Materials (MP), Rare Element Resources Ltd. (REEMF), and the VanEck Vectors Rare Earth / Strategic Metals ETF (REMX) could push aggressively higher.

Lynas, for example, is up another 8% today after receiving a $10.9 million grant from Australia to commercialize a new mineral refining process that produces high-purity rare-earth carbonate, according to Reuters.