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U.S. Senate Ted Cruz Proposes Legislation for Domestic Rare Earth Miners

  • May 13, 2020 03:33 PM AEST
  • Team Kalkine

The United States senate- Ted Cruz proposes legislation to revive the domestic rare earth metals and end the dependency for rare earth minerals on China with tax breaks for mine developers and manufacturers.

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  • The United States attempts to break China’s dominance in the rare earth metals space, as China remains the largest global processor of rare earths.
  • The legislation introduced Senator, if accepted, would allow rare earth miners to net off from their tax bill, the costs of building rare earths mines.

 


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