House Bill 4866 is to “reestablish a competitive domestic rare earths minerals production industry; a domestic rare earth processing, refining, purification and metals production industry; a domestic rare earth metals alloying industry; and a domestic rare earth based magnet production industry and supply chain in the United States.”Thanks to Geology.com for posting this news.
Presentations by Molycorp, owner of the Mountain Pass rare earths mine in California, show that China's demands for rare earths are rapidly approaching the total world production, 97% of which they produce (right).