U.S. senator pushes rare earths funding bill

U.Asian Metal Copyright .Asian Metal CopyrightS.Asian Metal CopyrightS.Asian Metal Copyright Senator Ted Cruz introduced legislation on Tuesday to help revive the U.Asian Metal Copyright Cruz's legislation introduced on Tuesday also would provide $50 million in grants for rare earth pilot projects, with roughly a third allocated for minerals recycling from old mine waste, among other sources.Asian Metal CopyrightS.Asian Metal CopyrightU.Asian Metal Copyright rare earths industry with tax breaks for mine developers and manufacturers who buy their products, the latest attempt by Washington to break China's control over the strategic sector.

Cruz's legislation, if approved, would let mining companies deduct from their tax bill the costs of building rare earths mines, processing facilities and equipment purchases.

It would also let electronics manufacturers deduct 200 percent of the cost of U.S.Asian Metal Copyright-derived rare earth products in all weaponry.Asian Metal Copyright rare earth products, including magnets, a measure designed to entice companies to buy fewer of the strategic minerals from China and more from the United States.

The bill would also require the Pentagon to use U.S.Asian Metal Copyright Cruz's legislation, if approved, would let mining companies deduct from their tax bill the costs of building rare earths mines, processing facilities and equipment purchases.Asian Metal Copyright-derived rare earth products in all weaponry.

Cruz's legislation introduced on Tuesday also would provide $50 million in grants for rare earth pilot projects, with roughly a third allocated for minerals recycling from old mine waste, among other sources.

.Asian Metal Copyright rare earths industry with tax breaks for mine developers and manufacturers who buy their products, the latest attempt by Washington to break China's control over the strategic sector.Asian Metal Copyright