Potentially very bullish for Lynas and its Texas rare earths processing plans!
https://www.forbes.com/sites/kenrapoza/2019/07/11/china-trade-war-update-senator-rubio-at-it-again/#4401c73f6022
"The legislation establishes a privately funded, operated, and managed Rare Earth Refinery Cooperative responsible for coordinating the establishment of a fully integrated domestic rare earth value chain for American companies. Looked at from 30,000 feet up, Rubio's bill is mainly another way for the Senator to push his national industrial policy agenda. Rubio and many others believe the U.S. needs an industrial policy if it is to compete with Chinese subsidized industries."
Gotta love the "Rare Earth Refinery Cooperative" of which Lynas would be a BIG player
FoxBusiness coverage:
https://www.foxbusiness.com/politics/marco-rubio-legislation-rare-earth-minerals
Japanese coverage of new act:
https://asia.nikkei.com/Economy/Trade-war/US-bill-calls-for-all-American-effort-to-boost-rare-earth-supply
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