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Used in iPhones to EVs: Why China’s near-monopoly on rare earths matters

China controls over 90% of the global refinement output of rare earth elements, which are used to power everything from iPhones to electric vehicles. China’s near-monopoly has become one of its most potent tools in a renewed trade war with the United States. CNN's Ivan Watson reports.

01:20 - Source: CNN
World News 14 videos
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Used in iPhones to EVs: Why China’s near-monopoly on rare earths matters
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Drivers on Highway 1 near Jerusalem were forced to flee their cars, leaving them abandoned on the highway as more than 100 teams across Israel fight wildfires on multiple fronts, authorities said.
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See wildfires in Israel officials fear are largest 'ever in the country'
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Detained Palestinian medic released by Israeli military
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Watch Mark Carney's victory speech after Canadian elections
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Supporters for Canada's Prime Minister and Liberal Party leader Mark Carney celebrate as results are announced during an election party in Ottawa, Canada April 28, 2025. Prime Minister Mark Carney's Liberals have won Canada's election on April 28, 2025, multiple media outlets projected, giving the party another term in power after a campaign defined by threats from US President Donald Trump. (Photo by Dave Chan / AFP) (Photo by DAVE CHAN/AFP via Getty Images)
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CNN correspondent breaks down Canada’s election results
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In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin attends a ceremony to present the "Sluzheniye" (Service) all-Russian municipal service awards in Moscow on April 21, 2025.
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Here's why Putin's latest three-day ceasefire may not be the beginning of the end
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Long lines stretched across the Vatican Wednesday as mourners awaited their turn to pay their respects to Pope Francis whose body lay in rest in St. Peter’s Basilica. CNN’s Clarissa Ward details what it was like inside as visitors prayed, released emotions and captured the moment on their phones.
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Clarissa Ward goes inside the basilica where Pope Francis lies in state
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