Callum Jones of UNILAD reports that the discovery of over 2,000,000,000 tons of rare earth minerals could help it overtake China and make it a ‘world leader.’ Jones writes:
There’s no doubt the US is leading the way in many industries, and the discovery of over 2,000,000,000 tons of rare Earth mineral could make the country the new ‘world leader’.
This discovery could mean the country overtakes China, in what would be a huge boost for the industries in the country.
It’s said these findings have ‘exceeded the wildest dreams’ of those involved with the project, according to the American Rare Earth Inc. […]
Currently, a whopping 95 percent of earth minerals originate from China, with the US alone importing 74 percent.
But following a ban on extraction in December 2023, American Rare Earths have been working to break China’s record. […]
“Our resources is on an order of magnitude larger than the Ramaco Resources number,” said Schwartz.
“If you did the same thing for it, you’d come up with a lot bigger number, but that doesn’t take into account whether you can [mine and process] more economically, or even do it.”
Read more here.
