The U.S. Needs China For Rare Earth Minerals? Not For Long, Thanks To This Mountain [Forbes]
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Source: Forbes
Round Top Mountain, TexasImage courtesy USA Rare EarthA whole slate of new bad behaviors by China’s repressive regime have been laid bare by the COVID-19 crisis. There were already plenty of complaints before the pandemic began, but the coronavirus seems to be supercharging the pressure on U.S. companies to reduce their Chinese sourcing. One of the biggest recent challenges in that regard has been China’s dominance in mining and processing critical rare earth minerals. These are vital building blocks for everything from smart phones, EV batteries and medical imaging machines to advanced defense weaponry, so our reliance on a less-than-friendly nation for our supply presents a huge political and economic risk. But right now China controls 90% of global rare earth production.It’s amazing good fortune, then, that out in the barren scrub of the West Texas panhandle 85 miles east of El Paso, an unassuming 1,250-tall mountain called Round Top holds the promise of making America largely self
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