How America can develop its own rare earth elements industry… safely
Give a country rare earth elements and it’ll have fighter jets, missiles and warships for a day. Force a country to extract and process its own rare earth elements and it’ll be safe from relying on countries run by unstable dictators forever. Such is President Trump’s sensible line of thinking as he keeps up America's trade war with China. As China imposed export licensing restrictions on seven rare earth elements, or REEs, last week, Trump signed an Executive Order “launching an investigation into the national security risks posed by US reliance on imported processed critical minerals and their derivative products.” The administration is now pursuing a deal to procure REEs from Ukraine.