Part of an article from the Critical Minerals Institute. It...

Part of an article from the Critical Minerals Institute. It mentions Lynas but I think the second is ASM.



US on track to establish domestic rare earths supply chain for defence, official says: (May 21, 2024, Source) — The United States is on track to establish a domestic rare earths supply chain by 2027 to support its defense needs, according to Assistant Secretary of Defense for Industrial Base Policy Laura Taylor-Kale. This initiative follows disruptions in global supply chains caused by COVID and aims to reduce dependence on China, the dominant producer. The US has designated Australia, Canada, and the UK as domestic sources under the Defense Production Act, actively investing in Australian rare earth projects. This year, the US extended up to $850 million in support to two Australian-listed rare earths projects. However, the market faces challenges with slumping prices and low profits due to increased Chinese exports. Industry leaders like Amanda Lacaze from Lynas Rare Earths Ltd. (ASX: LYC) emphasize the importance of growing the non-Chinese rare earths market to correct this imbalance.


https://investornews.com/critical-minerals-rare-earths/technology-metals-report-05-24-2024-chinas-plan-for-record-cobalt-purchases-u-s-defense-companies-to-source-critical-minerals-domestically/