Trump Plans To Invest Billions In US Rare Earths To Cut China's Grip
Industry insiders, analysts and lawmakers have warned for years that America's dependence on China for critical minerals - a list of 50 minerals that includes 17 sought-after rare-earth elements - is a national vulnerability.
The hard-to-pronounce elements are needed in smartphones, wind turbines and robots as well as missiles, submarines and fighter jets.
"Our national and economic security are now acutely threatened by our reliance upon hostile foreign powers' mineral production," an executive order from Trump declared in March.
It was not until Beijing rolled out export restrictions on several rare earths in April - leading to a temporary halt of Ford's electric vehicle production - that "the problem that for over a decade seemed far away hit close to home," said Gracelin Baskaran, director of the Critical Minerals Security Program at the Washington-based Center for Strategic and International Studies.
Maven Renovar VCT PLC7,998,00016.71Dowgate Capital Limited3,832,1568.00Rathbone Nominees Limited3,651,6397.63Mark Horrocks and Family Interests2,546,3535.32
Imagine,like TUN, REE gets a $30-50mln+ package at just £3mln cap
The US Government has re-engaged with the Company concerning possible funding support for the Monte Muambe rare earths prefeasibility study. A project proposal has been submitted to the US Trade and Development Agency ("USTDA").
In May they mentioned this in their new contract, be good to any developments :
The Company has also put in place a Master Service Agreement with the client to define and agree broad commercial terms in relation to envisaged further potential projects in the future.