Pentagon funding bans China rare earths

North of 60 Mining News – August 17, 2018


Last updated 9/25/2020 at 6:16am

Strategic metals complex Ketchikan Alaksa

Ucore Rare Metals Inc.

Rare earth elements, such as these recovered from a solution derived from Ucore Rare Metals' Bokan Mountain project in Southeast Alaska, are important ingredients to many of the U.S. Military's advanced weapons systems.

Ucore Rare Metals Inc. Aug. 14 said the John S. McCain National Defense Authorization Act for Fiscal Year 2019 signed into law by President Donald Trump is a turning point for the rare earth element sector in the United States.

The new legislation, more commonly known as the 2019 National Defense Authorization Act, prohibits the U.S. Department of Defense from acquiring rare earth magnets –...

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