Rare-earth sector may face US shift


Release time:

2017-10-10

Source:

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Author:

于智慧

The U.S. government, which has been heavily reliant on rare_earth imports from China, is reportedly seeking a potential rare_earth partnership with Afghanistan, but industry sources told the Global Times on Monday that such a deal is unlikely to affect the Sino_U.S. rare_earth trade, not at least in the short term.

But the new move [of the U.S. turning to Afghanistan for rare_earth trade cooperation] signals that the U.S. has concerns about the security of its rare_earth supplies, the majority of which come from China,

According to a Reuters report on September 22, U.S. President Donald Trump and Afghan President Ashraf Ghani backed letting U.S. companies develop Afghanistan's reserves of rare_earth minerals.

Data from the U.S. Geological Survey posted at minerals.usgs.gov in January showed that the U.S. imported about $120 million worth of rare_earth compounds and metals in 2016, down from $160 million a year earlier.

The website of U.S._based Diplomat magazine noted on August 29 that in 2016, more than 70 percent of U.S. rare_earth imports were from China.