(Morning News)A bill proposed by 5 (January 14) will force national defense contractors to stop buying rare earth from 2026 in 2026, and establish a permanent reserve of strategic minerals through the Ministry of National Defense.
This bill was jointly proposed by the Arkansan Republican Senator Caton and Arizona Democratic Senator Kelly that the US Congress was one of the legislative actions adopted by the US Congress to break the nearly monopolized rare earth industry.
The bill aims to use the Pentagon Building to purchase a billions of dollars of fighter, missiles and other weapons as a leverage, as a lever, requiring the contractor to stop relying on China and support the recovery of rare earth production in the United States.
Codon, a member of the Senate Military Commission and the Intelligence Committee, said in an exclusive interview with Reuters: "Ending the dependence of the United States in rare earth mining and processing China is crucial to the establishment of the US defense army industry."
He refers to the "policy choice made by the United States" prompting China to develop into today's global rare earth leaders. He hopes that the new policy will allow the United States to get rid of the dependence on China's rare earth.
Rare earth is a collective name for 17 kinds of metal chemical elements. After processing, it can be used to manufacture magnets in electric vehicles, weapons and electronic products.Although the United States has created this industry in World War II and US military scientists have developed the most widely used rare earth magnets, in the past 30 years, China has gradually controlled the entire rare earth supply chain.
There are currently only one of the rare earth mines in the United States, and there is no ability to process rare earth ore.
