American mining policy reform is needed to help prepare for health crises such as the current battle against COVID-19. The Trump...

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Trump Seeks Mother Lode of Rare Earth Minerals ([link removed])
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American mining policy reform is needed to help prepare for health crises such as the current battle against COVID-19. The Trump Administration is making progress, and the U.S. Supreme Court has also offered a hand.

At issue are “rare earth minerals” – including the nearly unpronounceable yttrium, neodymium, terbium and gadolinium. They exist in abundance in the United States, but are largely out of reach right now due to government regulations ([link removed]) on the mining industry.

With American resources locked up and in high demand, National Center Senior Fellow Bonner Cohen, Ph.D. ([link removed]) unveils a surprising fact in an Epoch Times news analysis ([link removed]) :

The beneficiary of America’s regulatory morass is the government in Beijing, which has long recognized the strategic importance of rare earths and now controls over 95 percent of these minerals’ supply chain.

Bonner adds:

After successive administrations had largely ignored the geopolitical implications of U.S. dependence on China for critical minerals, the Trump White House abruptly reversed course…. It called on agencies across the federal government to develop a strategy to reduce the nation’s susceptibility to disruptions of critical mineral supplies.

These rare earth minerals are extremely important to the American economy because they are vital for everyday items like catalytic converters in cars and televisions screens. They are also instrumental in fossil fuel production such as oil refining and for magnets in wind turbines. In health care, they are necessary for CT and MRI scanners, computers, protective glass and lighting.

Yet regulations have given much of the market to hostile government powers.

Bonner reports that the Trump Administration has made three concrete steps toward making the process of mining rare earth minerals domestically an easier process...
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