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The Biden administration taken another step to ease China’s current stranglehold on the rare earth element (REE) sector.
These elements are a crucial ingredient in the manufacture of products for both civilians and the defense sector. Rare earths make their way into smartphones, computer hard drives, medical imaging equipment, electric vehicles, and missiles, aircraft guidance and control systems, radars, and more.
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DOE awards $19M toward rare earths, critical minerals production
The US Department of Energy (DOE) recently earmarked US $19 million to fund 13 projects to produce REEs and critical minerals.
30 Apr 2021 (Last Updated April 30th, 2021 09:40)
The US Department of Energy (DOE) has awarded $19m to fund the development of 13 projects to produce rare earth elements and critical minerals essential in the manufacture of batteries and magnets.
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The US DOE’s funding aims to support production of rare earth elements. Credit: Peggy Greb, US department of agriculture via Wikipedia.
The US Department of Energy (DOE) has awarded $19m to fund the development of 13 projects to produce rare earth elements and critical minerals essential in the manufacture of batteries and magnets.
The funding is expected to help the US accelerate its rare earth elements production as it aims to reduce its dependence on China due to strained trade relations.