As the debate over China’s export policies in relation to REE supplies heats up, US Congress has called for an examination into just how prepared the US Defense sector is for any market shortfalls.
Multiple bills are before the US Congress that aim to create a domestic rare earth and critical metals supply chain. The bills share a common objective; streamline the permitting process for mining companies, as well as the creation of rare earth recycling.
Friday, The House of Representatives approved the National Defense Authorization Act, which outlines the US Department of Defense’s (DoD) budget and expenditures. Included in the Act was an amendment to formulate a plan to establish a domestic source of rare earth element neodymium.
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