Rare Earth Minerals
Rare Earth Minerals consist of elements such as cerium, yttrium, lanthanum and neodymium and are similar to commonly used industrial metals such as chromium, nickel, zinc, molybdenum, tin, tungsten, and lead. Rare earth elements (REEs) are crucial for production of clean energy, electric vehicles, consumer electronics, national defense and more. China controls more than 80% of global production and supply, putting supply chains and national security at risk.

US Needs 10X More Rare Earth Metals To Hit Biden’s Electric Vehicle Goals

from Forbes,

The United States needs ten times the amount of rare earth metals it currently has to meet President Biden’s ambitious 2030 EV goals, according to one CEO in the business. And it needs 20 to 25 times more to meet the burgeoning needs of the green economy — and the military — as we increase investment in wind power, electric vehicles, and even cell phones to the year 2050. President Biden has outlined a goal that 50% of cars sold in 2030 will be zero-emission electric vehicles. But there’s a problem. To meet even part of that goal with domestic supply of rare earths seems almost impossible. And foreign sources are increasingly problematic.

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