Reported 3 days ago
The White House recently held a meeting with technology and recycling executives to accelerate the U.S. production of rare earth elements essential for permanent magnets amidst tensions with China, which dominates global supply. Trade advisor Peter Navarro unveiled plans for government incentives to boost domestic production, including minimum price guarantees for producers. The administration aims to strengthen supply chains and reduce reliance on Chinese imports, discussing strategies such as recycling and possibly banning electronic waste exports to enhance local processing capabilities.
Source: YAHOO