Texas Representatives reintroduce Rare Minerals Act
2021-04-22 09:10:36 [Print]
Canadian-based Graphite One Inc. revealed in a statement that Texas congressmen, Republican Lance Gooden and Democrat Vicente Gonzalez have re-introduced the RARE Minerals Act in an effort to reduce America's dependence on China for rare earth and critical minerals.
The U.S. currently depends on foreign nations for more than 50% of its supply of 28 of the 35 minerals deemed critical to America's economic and national security. Now more than ever, the U.S. must "uncouple its supply chain and reliance on China", especially since American has the technological capacity and workforce capable to develop a reliable domestic supply of critical minerals.
"I am proud to support the RARE Act, critical bipartisan legislation that will jump start domestic critical mineral and rare earth element production," said Gonzalez.
The U.S. currently depends on foreign nations for more than 50% of its supply of 28 of the 35 minerals deemed critical to America's economic and national security. Now more than ever, the U.S. must "uncouple its supply chain and reliance on China", especially since American has the technological capacity and workforce capable to develop a reliable domestic supply of critical minerals.
"I am proud to support the RARE Act, critical bipartisan legislation that will jump start domestic critical mineral and rare earth element production," said Gonzalez.
Neodymium Oxide 99.5%min EXW China
Unit:RMB/mt
China's rare earth seperation plants' inventory statistics by province by month
Unit: mt
