Rare earth minerals, precious metals, U.S. economy | Homeland Security Newswire
Published 17 May 2021 Rare earths elements (REEs) are used in cancer treatment and electric engines, telescope lenses and TVs, cellphones and fighter jets. Many REEs are extracted and refined almost entirely in China. The U.S. was 100% net import reliant on rare-earth elements in 2018, importing an estimated 11,130 metric tons of compounds and metals valued at $160 million. The Department of Energy is funding research to make separating rare earths easier and more efficient, and to promote recycling. “There is a clock ticking in the background of this race for a rare-earth supply chain. The...