Enormous Amount of Critical Metals are Processed in China for End-Use Applications

March 1, 2022

An enormous amount of critical “green” metals are processed in China for end-use applications. This presents a major geographical concentration risk.

The US Government has acknowledged this and recently announced a few initiatives to combat this issue:
-$35 million to MP Minerals to separate and process heavy rare earths in California (DoD)
-$140 million to develop an extraction and separation refinery for critical metals and rare earth elements (DoE)
-$3 billion to invest in refinery and recycling capabilities for battery materials (DoE)

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