Rare earth elements are used in a wide range of consumer products, from iPhones ...
- Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers.
It would take years to build enough processing plants to match China’s processing capacity of 220,000 tonnes- which is five times the combined capacity of the rest of the world. Some rare earth minerals are essential in military equipment such as jet engines, missile guidance systems, missile defense systems, satellites, as well as in lasers.
California’s Mountain Pass mine is the only operating U.S. rare earths facility. But MP Materials, owner of Mountain Pass, ships the roughly 50,000 tonnes of rare earth concentrate it extracts each year from California to China for processing. China has imposed a tariff of 25% on those imports during the trade war.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Trade Fight Raises Specter of Rare-Earth ShortageThe U.S-China trade dispute has sent prices surging in rare-earth metals, a critical market for industries from electric cars to fuel makers. Chinese media reported that the country may cut exports of such minerals.
Read more »
China appears to make veiled threat about rare earth minerals crucial to US technology industryA Chinese official warned that products made from the country's rare earth materials should not be used against China's development. The comment, reported by CCTV, was taken as a veiled threat aimed at the U.S. and tech companies dependent on the materials
Read more »
European shares tumble on China rare earth warningEuropean shares sank to ten week lows on Wednesday as Chinese newspapers warned ...
Read more »
Eyeing China, Pentagon sends report on rare earth minerals to CongressThe U.S. Defense Department has submitted a report to Congress on rare earth min...
Read more »
China set to control rare earth supply for years due to processing dominanceU.S. companies are years away from challenging Chinese dominance of rare earth m...
Read more »
China willing to meet reasonable rare earth demand from other countriesChina is willing to meet reasonable demand for rare earths from other countries,...
Read more »
Jamie Dimon warns US-China trade fight becoming a 'real issue' that could deter investment“Trade has gone from being a skirmish to being far more important than that,” Dimon said. “If this goes south in a bad way, and you have other surprises, that could be part of the thing that changes confidence, changes peoples’ willingness to invest.”
Read more »
Chinese media turning up the heat as US-China trade war drags onChina's state media had been mum on the trade dispute. But now, the rhetoric is heating up and popular American content, like the 'Game of Thrones' finale, are blocked.
Read more »
Prime-Time Debate Pits Popular TV Hosts Facing Off Over China-U.S. TradeA prime-time debate on the U.S.-China trade conflict between hosts from Fox Business Network and Chinese state television is providing Beijing a rare opportunity to reach a huge American audience.
Read more »
China dangles potentially harmful new threat in trade warWith a near total control on the rare earth mineral market, China floats possible export restrictions on the United States, as Washington escalated the trade war against China this month by putting the Chinese telecom giant Huawei on a blacklist.
Read more »
U.S.-China trade war of words heads for Fox cable TV face-off‘She’s so sure of U.S. victimhood, so indignant that her eyes practically spit fire’: A feud between broadcasters from China’s state-run CGTN and Fox Business Network leads to a televised debate
Read more »