China’s dominance of the rare earths market is well known. This not only creates potential vulnerabilities for companies, should access to those rare earths ever get cut off, it also gives China significant leverage in trade negotiations right now. Of course, the issue is not that China is naturally endowed with more of these materials, but rather that, over the decades, it’s built up an industrial ecosystem to mine and process them. So, is there any prospect of the US entering the arena in a way that’s actually competitive? Our guest says yes. Heidi Crebo-Rediker is a senior fellow in the Center for Geoeconomics Studies at the Council on Foreign Relations. She was the US State Department’s first chief economist and has undertaken an extensive study of the US position with respect to rare earths. She discusses the resources we have right now, and the technologies and policies that could make the US competitive in this arena. (Source: Bloomberg)
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This Is How The US Can Become a Player in Rare Earth Metals | Odd Lots
