Rare earth minerals, a group of 17 elements including cerium, dysprosium, and neodymium, are critical components in many high-tech products, including smartphones, electric vehicles, and wind turbines. The United States has significant deposits of rare earth minerals, but until recently, the country relied heavily on imports from China, which controls approximately 80% of the global rare earth supply chain. However, the growing demand for rare earth and the geopolitical tensions with China have prompted the US to increase its domestic production of these critical minerals. Get further news at https://www.resourcesrecap.com/
The US Geological Survey (USGS) estimates that there are approximately 13 million metric tons of rare earth elements (REEs) in the United States, with most of them located in western states such as California, Wyoming, and Alaska. However, the extraction of these minerals has been limited due to environmental concerns and the high costs associated with mining and processing.