Manzullo: China's Monopoly on Rare Earth Minerals Threatens American Innovation, Jobs

Rep. Don Manzullo said the federal government needs to join forces with American manufacturers to end China's monopoly on rare earth minerals and ensure the United States maintains an adequate supply of the minerals needed to manufacture our most advanced products. Chairman of the House Foreign Affairs Subcommittee on Asia & the Pacific, Manzullo held a hearing to highlight the fact that China controls 97 percent of the rare earths market and has been limiting exports and skyrocketing costs of the minerals to the detriment of manufacturers in the U.S. and other countries. Rare earths are vital in a variety of advanced manufactured goods, such as cell phones, fluorescent lights, hybrid engines, airplanes, wind turbines, and defense guidance systems.

Category:

News & Politics

Tags:

• manzullo
• rare
• earth
• minerals
• china
• monopoly
• manufacturing
• mfg