China's new restrictions on rare earth exports pose challenges for US businesses, prompting the need for diversified supply chains, domestic production, and innovative solutions.
Via Metal Miner The Rare Earth s MMI Monthly Metals Index took a steep dive in price action after a month of relative stability, dropping 14.4%. Terbium both metal and oxide yanked the index down tremendously, falling more than 16%.
Therefore, businesses should work with American mining companies to finance the construction of regional rare earth processing and mining facilities. This action can help strengthen the supply chain against interruptions from abroad while also aligning with national interests. Other Solutions One sustainable option is recycling rare earths from items that are nearing the end of their lifespan.
China Supply Chain Restrictions US Businesses Technology Defense Lynas Rare Earths Diversification Domestic Production
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