“ The ultimate question is, Should America be dependent on China (and Russia) to supply the tools for the new economy? Or will the Biden-Harris Administration follow up on the Trump approach to rebuilding the US rare-earths mining and processing industry, to avoid near-total dependence on major human rights violators?”
By Duggan Flanakin ~
As Joe Biden and Kamala Harris take the reins of government and launch their program to “transition” America away from fossil fuels, they need to consider some hard realities. Chief among them is that their green energy plans require major increases in U.S. mining and processing – unless they want to make America even more dependent on China and Russia.
Rare-earth metals are essential to 21st Century technologies, including smartphones, lasers, night vision systems, weapons guidance systems – and GND technologies like wind turbines, solar panels, batteries and electric vehicles. As British hedge fund veteran James Horrocks noted in a recent article, “It is easy to see why rare earths have become a pawn in the US-China trade war.”
China, Horrocks noted, has only a third of global reserves of rare earths, but in 2017 produced over 80% of the global supply of rare-earth metals…
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