The U.S. is Investing Millions Into Rare Earth
The U.S. is in a dire situation.
For years we’ve been over-dependent on China for rare earth supply.
However, that arrangement isn’t reliable, nor is it safe — forcing us to look elsewhere. Making the situation far worse, China has threatened to withhold rare earth, well aware that if they choke supply, they rattle markets. It’s why the U.S. Department of Defense just invested more than $12.7 million in three American producers, according to the South China Morning Post.
In fact, one of the top beneficiaries of that cash flow in MP Materials, which owns the Mountain Pass rare earth mine in California and would help fund the construction of new processing and separation facilities. After all, with China controlling 80% of global supply, their threats to disrupt supply are troubling.