Rare earths elements are responsible for some of the most important materials involved in electric vehicle production, battery making, renewable energy systems and technology manufacturing.
Last year, President Joe Biden said he wanted to make rare earths an important domestic policy initiative and he signed an executive order to review gaps in the domestic supply chains for rare earths, medical devices, chips, and other key resources.
The Department of Energy announced a $30 million initiative to tap into researching and securing the U.S. domestic supply chain for rare earths and other important minerals in battery-making production.
But at the same time, President Biden also blocked the mining of rare earth minerals on more than 225,000 acres of federal land for more than 20 years.
Is it possible for the U.S. to change course and again have a seat at the table in producing rare earths elements?
To discuss further, Luisa Moreno the President of the Defense Metals Corp. joined us.
#rareearthelements #rareminerals #China #UnitedStates #Veronicadudo #luisamoreno
