Afraid of getting stuck? Trump ordered to expand rare earth mining on the ground of China threat

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 Afraid of getting stuck? Trump ordered to expand rare earth mining on the ground of China threat


Trump signed an executive order to address the threat of reliance on foreign key minerals on domestic supply chains, instructing the U.S. Department of the interior to explore the use of the defense production act to speed up mine development, according to Reuters on October 1. In novel coronavirus pneumonia, the US government has accelerated the production of medical supplies. Reuters said the rare earth administrative order could lead to tariffs, quotas or other possible import restrictions.

Trump signed the order on his way to Minnesota, where he hopes to win the support of miners and residents in iron range for his re-election, according to the U.S. Bloomberg News Agency.

Key minerals have always been the focus of attention in the United States. According to the text of the rare earth administrative order released by the White House, 80% of the total imports of rare earth compounds and metals in the United States came from China last year. Although the United States was once a major producer of rare earths, Chinas influence in the rare earth industry has played an important role in Sino US trade disputes, Reuters said.

(function(){( window.slotbydup=window .slotbydup||[]).push({id:u5811557,container:ssp_ 5811557, async:true }In 2019, trump asked the U.S. Department of defense to find a better way to obtain samarium cobalt rare earth permanent magnets, which are often used in precision guided missiles, smart bombs and military aircraft. Two U.S. Republican senators have proposed separate mineral related legislation in the past year, but they have not yet been passed. Geng Shuang, then spokesman of the Chinese Ministry of foreign affairs, once said at a regular press conference last year that it would not be feasible to dominate or monopolize a certain field or market, or to artificially cut off or exclude a certain chain in the era of globalization. Geng Shuang pointed out that China has always adhered to the principle of openness, coordination and sharing to promote the development of domestic rare earth industry. China is willing to use rare earth resources and products to meet the legitimate needs of the development of all countries in the world and play a positive role in promoting the development of Chinas economy and the world economy. Source: Yu changzong, editor in charge of global network_ NBJ11145

In 2019, trump asked the U.S. Department of defense to find better ways to obtain samarium cobalt rare earth permanent magnets, which are often used in precision guided missiles, smart bombs and military aircraft. Two U.S. Republican senators have proposed separate mineral related legislation in the past year, but they have not yet been passed.

Geng Shuang, then spokesman of the Chinese Ministry of foreign affairs, once said at a regular press conference last year that it would not be feasible to dominate or monopolize a certain field or market, or to artificially cut off or exclude a certain chain in the era of globalization.