The clean energy transition is dependent on several of the critical minerals, including rare earths. The global rare earth industry (REI), which supplies these rare earths, is itself in a period of transition. A successful REI transition requires a secure and stable supply of rare earths to meet the demands of the global clean energy transition. Achieving these success criteria requires (1) re-establishing diversified rare earth production and (2) finding new sources of competitive advantage to create long-term stability for the diversified industry. Results from a simulation model testing various transition strategies based on an interdisciplinary transition approach are promising.