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Trump Moves to Expand Rare Earths Mining, Cites China Threat
By Joe Deaux and Ranjeetha Pakiam
September 30, 2020, 7:04 PM EDT

Updated on October 1, 2020, 4:10 AM EDT

- Directs Interior Department to explore Defense Production Act
- Order to be signed on way to campaign stop in Minnesota


President Donald Trump signed an executive order aimed at expanding domestic production of rare-earth minerals that are vital to many critical manufacturing sectors, reducing dependence on China.

The order, which declares a national emergency in the mining industry, directs the Interior Department to explore using the Defense Production Act to hasten the development of mines. The administration has previously used the law to accelerate production of medical supplies during the coronavirus pandemic.

The president’s actions are a direct consequence of China’s dominance of the sector for decades, said Gavin Wendt, a senior resource analyst at MineLife Pty. Previously, “the West was happy to be supplied with cheap rare earths from China, with China bearing the environmental consequences,” he said.



Read more at:
https://www.bloomberg.com/amp/news/articles/2020-09-30/trump-moves-to-expand-rare-earths-mining-citing-china-threat