Japan just discovered a huge cache of scarce rare-earth minerals in the Pacific.
The US would be wise to partner with friendly Japan to secure our r/e needs
China is the world's biggest producer of rare earths.....but is hoarding them.
And guess who will control the minerals necessary for the batteries of those precious electric cars?
[ Africa has some of the biggest deposits of rare earth elements .....
Japan just discovered a huge cache of scarce rare-earth minerals in the Pacific.
The US would be wise to partner with friendly Japan to secure our r/e needs
China is the world’s biggest producer of rare earths.....but is hoarding them. ]
America has decent supplies of Rare Earths... it is just the light years worth of red tape that is preventing us from getting at them and the fact that a major by-product of the rare earth production is Thorium, which the EPA considers a radioactive hazard.... DESPITE the fact that we do have reactor designs that can use it as nuclear fuel, but the “Nuclear Industrial Complex” like G.E. doesn’t like those reactors as they would basically destroy their lucrative fuel rod re-processing contracts.
Meanwhile china is investing in thorium power production and will have plenty of thorium already mined and ready to go once they have those reactors built.
All that EPA red tape and K-street lobbying from s strangling us to death....