China has tightened its grip on one of the world’s most strategic resources: rare earth metals. With new export restrictions that could impact everything from smartphones to jet engines, Beijing is signaling it’s willing to use its dominance in these critical materials[...]
Tag: Rare Earth Minerals
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Pentagon will be the largest shareholder in a rare earth minerals company
The U.S. Department of Defense is making a major move to secure critical materials for national security, committing $400 million to become the largest shareholder in rare earth miner MP Materials. The deal aims to reduce U.S. reliance on China by fast-tracking[...]
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Lawmakers pass bill promoting rare earth mineral development in North Dakota
A bill aimed at jumpstarting North Dakota’s rare earth mineral processing industry is headed to the governor’s desk after clearing both chambers Friday. Supporters say House Bill 1459 positions the state to attract federal funding and capitalize on coal seams containing rare[...]
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Rare earth minerals seen as a rare opportunity in North Dakota
North Dakota might be sitting on a treasure trove—one layered right into its coal seams. Lawmakers are refining their approach to rare earth mineral development, hoping to position the state as a key domestic source for the high-demand materials used in electronics[...]