There is a U.S. rare minerals mine in California.
“The sky is not falling,” said Mary B. Teagarden, a China specialist, professor and associate dean at the Thunderbird School of Global Management in Phoenix. “There are alternatives.” “Over the short term, it could be a big disruption, but companies that want to stay in business will find a way,” he said.
China last year produced some 120,000 metric tons of rare earths, while the United States produced 15,000 metric tons.The United States also depends on China to separate the minerals pulled from Mountain Pass Mine, the sole rare earths mine in the U.S., which was bought two years ago by the Chicago-based JHL Capital Group LLC .
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