This is a wake-up call for America,” Interior Secretary and National Energy Dominance Council Chairman Doug Burgum told Bloomberg News in a June 1 interview. “We are so exposed, right now — precariously exposed — to China’s grip on not just the mining, but the processing. They’re mining all over the world, but they control 85% of the processing.”An existing US stockpile is “massively insufficient” Burgum saidr, adding that billions of dollars could be needed to build a bigger mineral reserve. QUOTE ARR will play a significant role in helping the US heavy rare earth supply and processing industry to develop IMO
