Pentagon seeks funds to reduce U.S. reliance on China's rare earth metals

[Eugene]

Source: Reuters

BUSINESS NEWS MAY 29, 2019 / 1:43 PM / UPDATED 6 HOURS AGO

Pentagon seeks funds to reduce U.S. reliance on China's rare earth metals

Phil Stewart, Andrea Shalal
5 MIN READ

WASHINGTON (Reuters) - The U.S. Defense Department is seeking new federal funds to bolster domestic production of rare earth minerals and reduce dependence on China, the Pentagon said on Wednesday, amid mounting concern in Washington about Beijing’s role as a supplier.

The Pentagon’s request was outlined in a report that has been sent to the White House and briefed to Congress, said Air Force Lieutenant Colonel Mike Andrews, a Pentagon spokesman.

Rare earths are a group of 17 chemical elements used in both consumer products, from iPhones to electric car motors, and critical military applications including jet engines, satellites and lasers.

Rising tensions between the United States and China have sparked concerns that Beijing could use its dominant position as a supplier of rare earths for leverage in the trade war between the world’s top two economic powers.

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Read more: https://www.reuters.com/article/us-china-usa-rareearth-pentagon/pentagon-seeks-funds-to-reduce-u-s-reliance-on-chinas-rare-earth-metals-idUSKCN1SZ2C6

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Related LBN thread: China Gears Up to Weaponize Rare Earth Metals in Trade War

[RedParrot]

1. Brazil has the second largest reserves of Rare Earth metals. Russia is third.

I expect US to use the military to keep regimes friendly to US in power. Brazil's Bolsonaro comes to mind.

In related news, China will mine Helium-3 from the Moon long before we get there. Helium-3 is a clean source of energy. Rare on Earth, but abundant on the Moon and Jupiter.

Unlike the Cold War, the next race to the Moon will be motivated by profit.