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Sunday, 08/07/2022 1:14:22 PM

Sunday, August 07, 2022 1:14:22 PM

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Interesting article…Anything to move the USA rare earth and critical mineral needle is needed! $NIOCORP could be right in the sweet spot “if”and “when” financing comes!
https://www.voanews.com/amp/biden-celebrates-semiconductor-legislation-to-boost-us-competitiveness-against-china/6684892.html

“Rare earths

The CHIPS Act does not include provisions to secure supply chains of rare earths — and other critical minerals used in semiconductors and other high-tech elements — to reduce the nation's dependence on China, a major producer of these elements.

"I don't know that we have developed a coherent strategy on accessing both rare and nonrare elements," Glick said.

Last June, following Biden's executive order to improve supply chains, the administration released a report concluding that the U.S. was overly reliant on China for critical minerals. Currently, China controls 87% of the global permanent magnet market, 55% of rare earths mining capacity and 85% of rare earths refining.

Earlier this year, the administration announced actions it said would bolster the supply chain of these elements, including a contract for U.S. company MP Materials to process heavy rare earth elements at its California production site — the first processing and separation facility of its kind in the nation.”
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