The mining newspaper for Alaska and Canada's North

Strategic Metals Act

Bill aims to bolster strategic metals in U.S., keep out of foreign hands

A Swiss investment fund with ties to Russia-born billionaire Vladimir Iorich has put in a bid to buy the shuttered Mountain Pass rare earth element mine in California, raising red flags for U.S. lawmakers concerned about the United States’ dependence on foreign countries for REEs and other metals necessary to maintain the U.S. military’s high-tech arsenal.

To help promote domestic production of th...

 

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