The US is taking steps towards breaking China’s rare earths monopoly ...Middle East

Quartz - Economy
The US is taking steps towards breaking China’s rare earths monopoly
source : Quartz ( Middle East ) () 18
Another rare earths company may soon be going public in the US, presenting new opportunities for private investment in the domestic critical metals industry—a sector that Washington has signaled strong interest in reviving.Rare earths, a group of 17 metals, are increasingly regarded as an urgent matter of national security given their crucial role in the manufacturing of high-tech products, from weapons to magnets for electric vehicles. While the US used to be a major global producer of the metals, China now dwarfs the US in rare earths production, and is the source of 80% of US rare earth imports (pdf).USA Rare Earth, which is developing the Round Top rare earths mine in Texas, is exploring

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