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The United States Government has recently proposed a bill to end China’s “chokehold” on rare – earth metal supplies.
Why the bill?
The rare earth metals are used almost in every latest technology starting from electric batteries to fighter jets. China has a strong chokehold on all these metals. In 2019, 80% of the US rare – earth metals was from China.
Aim of the bill
The bill aims to reduce the Chinese dependence on rare – earth metals. This is essential to protect US from threat of rare – earth metal supply disruption. It will encourage the residents to increase domestic production of the rare – earth metals. Ultimately it will reduce the US reliance on China.
Features of the bill
Rare Earth Metals
The rare earth metals are the 17 metals in the periodic table. They are the 15 lanthanides and scandium and yttrium. They are mainly used in high tech devices such as mobile phones, flat screen monitors and televisions, electric and hybrid vehicles. They are also essential in defence applications such as radar, lasers, sonar systems and electronic displays.
In 1993, US accounted to 38% of world rare earth production and China contributed to 33%. Now China contributes to 97% of rare earth metal production in the world.
By: Brijesh Kumar ProfileResourcesReport error
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