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Mr Trump Issues Executive Order on Rare Earth Mining

Mining News - Published on Thu, 08 Oct 2020

Image Source: Rare Earth Mining
US President Mr Donald Trump on September 30 ordered his Cabinet secretaries to look into the country’s reliance on rare earths in his latest bid to end China’s dominance of the industry. The move could lead to tariffs, quotas or other possible import restrictions. While the United States used to be the leading producer of the minerals, China has used its heft in the industry to its advantage in the trade dispute between the two world leaders. The US imports 80 percent of these elements directly from China, with portions of the remainder indirectly sourced from China through other countries

Rare earths are an obscure group of 17 minerals used to build a range of goods including weapons and consumer electronics. There is no known substitute for them.

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Posted By : Yogender Pancholi on Thu, 08 Oct 2020
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