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Re: 2times2 post# 1967

Wednesday, 04/21/2021 4:07:48 PM

Wednesday, April 21, 2021 4:07:48 PM

Post# of 2144

One company sees a business opportunity in the United States's reliance on China for rare earth elements, such as dysprosium, terbium, and yttrium, crucial for the proper functioning of night vision goggles and wind turbines, among scores of other kinds of important hardware.
The company is aiming to build one of the first U.S. rare earth separation facilities and plans to do so in Ketchikan, Alaska. The facility will use cutting-edge technology to separate out the critical elements from feedstock shipped in from U.S.-allied countries. Once UCore is bringing in revenue, it plans to open its nearby Bokan-Dotson Ridge mine and use ore from there to form a completely domestic supply chain.
UCore and MP Materials (which already operates the Mountain Pass mine) aren’t the only companies eyeing U.S. mining and production of rare earth elements.

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One company sees a business opportunity in the United States's reliance on China for rare earth elements, such as dysprosium, terbium, and yttrium, crucial for the proper functioning of night vision goggles and wind turbines, among scores of other kinds of important hardware.
© Provided by Washington Examiner

There are 17 metals called rare earth elements, also referred to as REEs. China has dominated the rare earth market for years and accounts for about 80% of U.S. imports of rare earth metals and compounds. Demand for the metals is only growing as clean energy products such as wind turbines and electric cars, which use the metals, become more popular.

UCore aims to rip that hegemony away from China.