March 17, 2025
Early Action Signals Progress; U.S. Mineral Independence Still Hangs in the Balance
Early actions in Congress are essential to strengthening U.S. nat...
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China’s near monopoly on the global rare earths market is increasing the costs of products that depend on the minerals. Without a reliable minerals supply chain, companies like Mitsubishi Electric are finding themselves unable to “absorb fully the excessive increases in its material costs,” and are being forced to pass the added costs on to consumers.
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