The short answer is yes, unavoidably, because we don't have the capacity outside of China for either the mining, or, as the IEA pointed out, the refining.
Thirty years ago, North America—the United States and Canada together—produced 80% of the world's rare earth elements. Those are neodymium, presidium, dysprosium...these magical-sounding minerals that are critical to all kinds of high-technology machines, including those using green energy..
I would say that we sort of chased those businesses off the North American continent, and China eagerly embraced the expansion of mining.