The U.S. is in a dire situation.
For years, the U.S. has been overly dependent on China, which controls about 80% of the world’s rare earth supply. However, as we’ve learned the hard way, that has to change.
Immediately.
Not only is that arrangement unreliable, it’s not safe – especially with China’s consistent threats to ban rare earth exports, which could potentially happen with the latest trade war.
After all, without rare earths, the world can’t produce the millions of electric vehicles government leaders want on the roads. We can’t produce smart phones, computers, flat panel televisions, wind turbines, electric vehicle batteries, computer chips, defense equipment, semiconductors, digital cameras, or catalytic converters…
Apple for example uses several rare earths in all of its products – including neodymium, praseodymium, and dysprosium. Rare earths including yttrium and terbium are also used for laser targeting and weapons. Cerium is used in catalytic converters and as polishing media for optical lenses on the battlefield. We could go on…
very little has been done to curtail China’s dominance—which has only allowed Company: engages in the exploration, development, mining, extraction, and processing of rare earth minerals primarily in Australia and Malaysia. The company holds an interest in the Mount Weld project, Western Australia.
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