Home United States USA — Science US-China trade war sparks worries about rare minerals

US-China trade war sparks worries about rare minerals

212
0
SHARE

PHOENIX – Rising trade tensions between the U. S. and China have sparked worries about the 17 exotic-sounding rare earth minerals needed for high…
PHOENIX – Rising trade tensions between the U. S. and China have sparked worries about the 17 exotic-sounding rare earth minerals needed for high-tech products like robotics, drones and electric cars.
China recently raised tariffs to 25% on rare earth exports to the U. S. and has threatened to halt exports altogether after the Trump administration raised tariffs on Chinese products and blacklisted telecommunications giant Huawei.
With names like europium, scandium and ytterbium, the bulk of rare earth minerals are extracted from mines in China, where lower wages and lax environmental standards make production cheaper and easier.
But trade experts say no one should panic over China’s threats to stop exporting the elements to the U. S.
There is a U. S. rare minerals mine in California.

Continue reading...