The U.S. Defense Department is seeking new federal funds to bolster domestic production of rare earth minerals and reduce dependence on China, the Pentagon said on Wednesday, amid mounting concern in Washington about Beijing's role as a supplier.
The Pentagon is rapidly assessing the United States' rare earths capability in a race to secure stable supply of the specialized material amid the country's trade conflict with China, which controls the rare earths industry, according to a government document seen by Reuters.
The Defense Production Act (DPA) of 1950 lies at a unique nexus between private industry and federal investment for the purposes of national security. Despite its demonstrable utility, modifications to the law’s implementation are necessary. The DPA should be more narrowly focused on national...
The U.S. Army plans to fund construction of rare earths processing facilities, part of an urgent push by Washington to secure domestic supply of the minerals used to make military weapons and electronics, according to a government document seen by Reuters.
Developers of a Texas rare earths mine said on Monday they will build a pilot plant to refine the strategic minerals, the latest domestic processing project announced at a time when more Americans are voicing concern about China's control over the sector.