Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (73219)	4/24/2010 10:12:04 AM
From: Snowshoe	of 74559

Congress considers effort to counter Chinese REE monopoly... Rare Earth Materials Facing Supply Chain Crisis U.S. government says that rebuilding of a competitive domestic supply chain could take up to 15 years. industryweek.com Mining News: Bill urges ‘restart’ of U.S. REEs mining Colorado lawmaker advocates stimulating domestic rare earth elements industry, calls for stockpiling minerals deemed critical petroleumnews.com A bill introduced by U.S. Rep. Mike Coffman, R-Colo., in March has moved the rare earth conversation from focus groups to Capitol Hill. Coffman has introduced legislation in the U.S. House of Representatives that would require government agencies – including the departments of State, Defense, Commerce and Interior – to support the re-establishment of rare earth element mining, refining, alloying and manufacturing operations in the United States. H.R. 4866, the “Rare Earths Supply-Chain Technology and Resources Transformation Act of 2010” or the Restart Act – also calls for a national stockpile of “critical” REEs. China is not only the sole source of nearly all of the REEs mined in the world, it also controls the refining and alloy processing of these strategic metals.

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