US ‘Heavily Dependent’ on China for Rare Earth Elements: Experts

Contact Your Elected Officials
The Epoch Times Header

The U.S. dependency on China for rare earth elements is a security risk and is being exacerbated by the Biden administration’s forced transition to so-called green technologies, according to lawmakers and experts.

The Biden administration’s top-down push toward renewable energy requires an enormous growth in the mining of rare earth elements. Currently, the United States relies on the mining and processing powers of China, which has far worse environmental regulations, to achieve many of its needs.

“We’re heavily dependent on foreign adversarial nations,” Rep. Pete Stauber (R-Minn.) said during an Aug. 22 interview with NTD, an affiliate media outlet of The Epoch Times. “If today, the communist country of China stopped selling us their critical and rare earth minerals, we would be in deep trouble from our national defense to our manufacturing across the globe.”

Rare earth elements are a number of elements with unique characteristics that have made them vital to new technologies. Critical minerals are those rare earth elements that have no substitute, are limited in supply, or are economically vital.

Stauber’s comments come just weeks after U.S. Treasury Secretary Janet Yellen said the United States would try to end its “undue dependence” on rare earths, which it requires to manufacture various technologies, from solar panels to electric vehicle batteries to smartphones.

“It’s unfortunate that this administration has put their dependency for both critical minerals and rare earth minerals in the hands of the communist country of China,” Stauber said. “It’s simply unacceptable when we have the critical minerals and a few of the rare earths right here in the United States. This administration just won’t let us mine.”

According to Stauber, the Biden administration lacks the political will to simply mine the needed elements domestically. For example, nickel, copper, and cobalt are all present at extant mining operations in Minnesota. However, instead of allowing U.S. companies to mine these, the administration is pursuing a policy of “friendshoring,” wherein it merely transfers supply chains for offshored goods from China to more friendly nations, such as South Korea.

By Andrew Thornebrooke

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Common Sense Economics and Finance: Value Established for the American Republic

A infection has mutated federal finance into a condition of political inflation, and valueless FED money is proof that the Federal Reserve is the root cause of that condition.

Pastor Corey Brooks is Walking Across America!

Last night I got to fulfill a bucket list item. I got to meet one of my personal heroes of our time (after Donald Trump) Pastor Corey Brooks.

Is Japan About to Be Gifted With Our Greatest Strength™?

Japan sees little resistance to new immigrants, but policies provide inadequate support to integrate them into Japanese economy and society.

Cracker Barrel’s Remake Proves Lefty Women Unfit to Lead

“The customer is always right” remains true today regardless of whether people like Cracker Barrel CEO Julie Masino opt to respect it and follow it or not.

Walmart on Its Radioactive Shrimp: ‘The Health and Safety of Our Customers Is Always a Top Priority’

“Nowadays people know the price of everything and the...

California Parole Board Denies Parole for Erik Menendez

CA Board of Parole Hearings rejected the release of Erik Menendez, one of the two brothers convicted in the 1989 killing of their parents in Southern CA.

Intel Has Agreed to Give US Government 10 Percent Stake: Trump

The White House had been seeking an equity stake in the company in exchange for the almost $11 billion in grants from the CHIPS and Science Act.

FBI Searches Home of Former National Security Adviser John Bolton: Reports

FBI searched Maryland home of John Bolton, former national security adviser under President Trump, as part of a classified documents investigation.

5 Takeaways From Fed Chair Powell’s Final Jackson Hole Speech

Federal Reserve Chair Jerome Powell presented his final keynote address at the central bank’s annual Jackson Hole summit on Aug. 22.

Trump’s Tariffs Will Reduce Deficits by $4 Trillion Over Next Decade, Says CBO Report

A report released by the CBO predicted that President Donald Trump’s tariffs will reduce federal deficits by around $4 trillion over the next decade.

USDA Issues Memorandum Prioritizing American Energy on National Forest Lands

Secretary Rollins said that the United States will no longer allow foreign-made solar panels or inefficient energy projects to undermine national security.

US Pauses Visas for Commercial Truck Drivers, Citing Safety and Other Impacts

The Trump administration will immediately pause the issuance of all worker visas for commercial truck drivers, Sec of State Marco Rubio said.

Chip Stocks Fall on Reports White House Seeking Equity in Exchange for Grants

Share prices of semiconductor companies fell following reports the Trump admin is considering taking equity stakes in exchange for federal funding.
spot_img

Related Articles