The U.S. is already scrambling to catch up with its number-one rival, China, in the race to secure critical materials. But can the Trump administration bring more mining and processing under U.S. control? WSJ senior reporter Jon Emont and Gracelin Baskaran, director of the Critical Mineral Security Program at the Center for Strategic and International Studies, discuss the economic and security implications of these minerals, the challenges to scaling up U.S. mining interests and the policies that might unlock both supply and demand for domestically produced critical minerals. Kate Bullivant hosts. Further Reading: Critical Minerals Supply Risks Mount Amid China’s Grip, Export Curbs America’s War Machine Runs on Rare-Earth Magnets. China Owns That Market. Why the U.S. Keeps Losing to China in the Battle Over Critical Minerals Automakers Race to Find Workaround to China’s Stranglehold on Rare-Earth Magnets Trump Says He Discussed Trade, Rare Earths in Call With China’s Xi Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.