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Three Options the US Can Use to Break Loose from China’s REE Dominance

August 09, 2023 at 13:46 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

As the world transitions to a future where electric vehicles and green infrastructure will be key to the global economy, most developed countries are extremely apprehensive of China’s monopoly in the worldwide rare earth metals industry. China has currently captured close to 90% of the global rare earth metal supply and plays an overwhelmingly significant role in virtually every step of the supply chain. This monopoly allows the eastern Asian nation to exert its agenda on a global scale and limit supplies of crucial minerals to countries that don’t toe the line.

With relations between China and the United States becoming more frigid by the day, American leaders have even more reason to eliminate the…

NOTE TO INVESTORS: The latest news and updates relating to Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) are available in the company’s newsroom at http://ibn.fm/UURAF

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