The Trump Administration is planning to introduce legislation in the United States House of Representatives in order to fuel the domestic mining and processing of rare earth elements.
- As per various media news, the bill contains provisions of ~ USD 2 billion for the period of 10 years in order to craft the strategic minerals strategy, which would aim at boosting the local production of lithium and other strategic minerals including rare earth elements.
- The bill would also aim at acquiring the geological survey of the United States to complete fresh studies of mineral deposit across the nation.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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