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bluesamurai

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22/05/24

11:18

Post #: 73950994
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Originally posted by bluesamurai: ↑

All of this has the U.S. worried that China might cut off its rare earths pipeline to the U.S. On Tuesday, James Litinsky, chairman and CEO of MP Materials, attended a White House event with President Joe Biden when the tariffs were announced on imports, a spokesman for the company said."This action will help level the playing field for domestic producers, giving U.S. industry the time it needs to scale and develop in a manner that aligns with America's vital national interests,” Litinsky said in a statement provided by the spokesman. “In the long term, these measures will foster greater balance and resiliency across the global supply chain, ultimately benefiting producers and consumers worldwide,” he said. “By enhancing our domestic capabilities, we not only secure our economic future but also contribute to a more balanced and robust global market." QUOTE The situation in US rare earth mining has become volatile the outcomes could be changes at any time IMO

https://cowboystatedaily.com/2024/05/14/wyomings-rare-earths-industry-may-see-boost-from-chinese-tariffs-on-imports/

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https://trib.com/news/state-regional/business/china-tariff-critical-minerals-american-rare-earths-wyoming/article_0ca428b0-1318-11ef-9bce-e7e3a7e61b44.html
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