The U.S. will take steps to ensure it doesn’t get cut off from the supply of rare earths in its trade war with China.
Dozens of factories process rare earths, iron and coal on the outskirts of Baotou city in Inner Monglia, northwest China.
The Commerce Department on Tuesday released a report requested by President Trump in December 2017, when he asked officials to look into U.S. access to so-called rare earths, a group of 17 elements, including lanthanum and terbium. Beijing has readied a plan to restrict exports of rare earths to the U.S. if the trade war between the two nations deepens, people familiar with the matter told Bloomberg News last month.
China accounts for more than 70% of global output of rare earths. The U.S. was the leading global producer of rare earths from the 1960s to the ’80s, when production began shifting offshore.
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