The U.S. was once the world’s largest producer of rare minerals but in recent decades has lost out to China, where the rare earth minerals are plentiful and companies are not burdened by environmental and labor regulation. By 1999, China cornered 90 percent of the market.
Thank the anti-mining Democrats for destroying the mining industry in the United States. Democrats are hardly progressives. They are regressive.
Mountain Pass, the nation’s last rare mineral mine, lost its two-decade dominance of the world’s rare mineral supply in the mid-1980s when China began to exploit, extract and process the nation’s vast reserves, ending up with a stranglehold of about 90 to 95 percent of global supply today.
The regulations Democrats put on mining didn’t help.
Now for the bad news.
CHINA MIGHT CALL IN THE CHIPS
China is SERIOUSLY CONSIDERING restricting rare-earth exports to the United States.
Chinese President Xi Jinping visited a rare-earth company in southern China last week, according to state media reports. The price of shares in rare-earth producers gained amid speculation Xi’s visit indicated China was considering using rare earth minerals as a weapon in the trade war.
The President is taking on our enemy in a much-needed fight but the Democrats will likely blame all this on the United States. However, it’s on them, and most people will never know thanks to the biased media.
-
Christian Gold Company Defies Industry’s Retirement Fearmongering Through Prayer and Biblical Hope
By the end of 2020, the mine will be able to handle its own mining, but it’s not there yet.
wpDiscuz
