As the U.S. and its allies chase China in procuring critical minerals essential for modern technologies, they face a major hurdle: a lack of companies and projects with an established record
including rare earths, lithium and boron, which are essential for growing technologies such as electric vehicles, satellites and wind turbines. They also want to develop the capability to process them.on technology research and development to catch up with China, including funds for digging up and processing critical minerals at home and with allied nations.
The Energy Department is already investing $19 million in projects in former coal communities to support research into extracting rare earths from coal waste and ash, the detritus left when the fuel is mined or burned.A personal, guided tour to the best scoops and stories every day in The Wall Street Journal.In 2019, the U.S.
The Pentagon and DOE have put money directly in several companies working with critical minerals, though some in the industry said they were baffled by some investments because of recipients’ links to China or lack of an established record. TDA shares ownership, and at least one manager, with another company called Tridus Magnetics and Assemblies, which is part of a joint venture with a Chinese magnet manufacturer, according to public records and the person familiar with the matter.
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