The United States of America is urgently trying to secure more critical minerals and rare earth elements. And now, they’re leveraging the power of the White House to do it.
What’s happening:
- President Donald Trump has officially signed a new executive order to begin an investigation into the national security risks caused by relying on other countries for the supply of critical minerals and rare earth elements
Why it matters:
- China just recently made geopolitical waves by restricting the exportation of rare earth elements globally, which has put a major focus on new supply sources of both critical minerals and rare earth elements in America
Going deeper:
- The new executive order from the White House will aim to develop a new plan for how the United States of America can accelerate the build out of a more robust domestic supply chain of critical minerals and rare earth elements, which are essential material inputs for everything from semiconductors to military ammunition to aerospace
- China’s recent restrictions around rare earth elements have started a race in the public markets to find new major deposits as well as magnet production facilities, which has led to multiple companies beginning to make new moves and deepen their expansion plans in both North America and globally
