The Biden administration’s push to reduce U.S. reliance on Chinese imports has renewed domestic efforts to produce rare earths minerals, critical to the production of electric vehicles and electronics.
A new bipartisan Senate bill is aiming to accelerate that timeline, by banning defense contractors from sourcing those materials in the first place.
In an interview with Yahoo Finance Live, the bill’s co-sponsor Sen. Mark Kelly (D, AZ) called Chinese rare earth minerals “a national security…
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