US & Australia to unveil rare earths plan to challenge China’s dominance

Posted on September 20, 2019 3:29 am
Tags:

Original feed source click here and original story source click here

URL https://www.rt.com/business/469226-us-australia-rare-earths/?utm_source=rss&utm_medium=rss&utm_campaign=RSS 

US President Donald Trump and Australian Prime Minister Scott Morrison are expected to reveal a plan on Friday aimed at securing the supply of rare earth minerals.

The plan will be announced on growing concerns in the US that China could cut off shipments of the vital commodities. The country is the world’s largest processor and producer of the minerals, accounting for more than 80 percent of global processing capacity.

According to a senior administration official cited by Al Jazeera, the plan will be unveiled during a state visit by Morrison to the White House.

“Both countries share an interest

Share

COMMENTS