Reported 1 day ago
The US, with only one rare earths mine at Mountain Pass, is facing pressure to increase domestic production following China's recent export limitations on critical minerals. The restrictions have raised concerns about potential shortages and price hikes for industries reliant on these materials, prompting initiatives to establish new mines in states like Nebraska and Montana. Despite efforts, experts warn it may take years for new sites to become operational as the US aims to reduce its dependence on China, which currently controls nearly 90% of the global rare earth supply.
Source: YAHOO