U.S. Plans to Reshape Global Market for Critical Minerals
Dozens of governments invited to Washington; China excluded.
Dozens of governments invited to Washington; China excluded.
Critical Raw Materials Act: A new report criticizes sluggish progress in recycling, domestic mining, and processing, while also highlighting major transparency deficits.
The initiative is intended to insulate the domestic industry from supply shortages.
New budget draft proposes, among other measures, the removal of import duties on equipment used to process critical minerals such as rare earths.
Rare earth elements are at the heart of this globally unique but controversial program.
This week, the U.S. government announced its second major investment in a domestic rare earth company, USA Rare Earth.