It’s amazing how quickly $4 trillion dollars can change a conversation about rare earth elements.
With the onset of the COVID19 pandemic, and the resulting supply chain fallout, many have speculated on how the U.S. found itself so reliant on a foreign country, mainly China, but certainly others.
The Covid19 global pandemic has cruelly exposed the utter dependence of the US and the world on China’s mass manufacturing capability and supply of critical medical equipment and materials. Not only are personal protective equipment and medical ventilators in a massive short supply, Chinese supplied medical tests have also been found to be inaccurate when used in various countries.
This acute shortage and dependence has raised alarms and questions about remediation supply chain strategies for materials and finished products.
Why are we so dependent on these countries and what can we do about it?
Continue reading “Time to Rethink Sourcing Rare Earth Elements”