A minimum price guarantee offered to the domestic rare-earth sector could significantly accelerate the timeline of reaching U.S. supply chain independence.
A man driving a front loader shifts soil containing rare earth minerals to be loaded at a port in Lianyungang, Jiangsu Province, China, on Sept. 5, 2010. STR/AFP via Getty Images
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The White House plans to expand its support for domestic rare-earth businesses to counter China’s near-monopoly on rare-earth minerals.
Senior officials informed a group of rare-earth companies at a recent meeting that the Trump administration intends to form public-private partnerships to boost domestic production and extend a minimum price guarantee to their products.
Terri Wu is a Washington-based freelance reporter for The Epoch Times covering education and China-related issues. Send tips to [email protected].
