Relevant for molycorp:
S.883 - Mineral Security Act of 2015
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Ucore Comments on American Mineral Security Act of 2015
Ucore Rare Metals Inc. 14 minutes ago
("Ucore" or the "Company") is pleased to comment on recent hearings held in Washington, DC, by the Senate Committee on Energy and Natural Resources with respect to S.883 - Mineral Security Act of 2015 (the "Act"). The Act was recently introduced to the Senate by Senator Lisa Murkowski (R-AK) and has been referred to the Committee on Energy and Natural Resources (the "Committee").
"We commend Senator Murkowski in her efforts to reduce US reliance on foreign supply of critical minerals", said Jim McKenzie, President & CEO of Ucore. "The issue of US independence from China in matters related to critical metals has increasing resonance, especially given recent tensions between the two powers in the South China Sea.
The Act seeks to revitalize the United States domestic minerals supply chain and help reduce dependence on foreign suppliers of critical minerals, including Rare Earth Elements ("REE"'s) through a number of initiatives.
