According to the Associated Press, America’s only rare earths mine is seeing a surge in interest after China imposed export controls in response to Trump’s tariffs. Mountain Pass Materials said it will halt exports to China and process only some of its mined material on-site while storing the rest. The U.S. cannot meet domestic demand alone, prompting Trump to fast-track mine permits and encourage new projects in Nebraska and Montana. China controls 90% of the global supply and most processing capacity.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02America's only rare earths mine is seeing a surge in interest after China imposed export controls
00:07in response to President Trump's tariffs, according to the Associated Press.
00:11Mountain Pass Materials said it will halt exports to China
00:13and process only some of its mined mineral on site while storing the rest.
00:18U.S. cannot meet domestic demand alone,
00:20prompting President Trump to fast-track mine permits
00:23and encourage new projects in Nebraska and Montana.
00:26China controls 90% of the global supply and most processing capacity.
00:31For all things money, visit Benzinga.com slash GSTV.