Defense Rare Earth Requirements Met Domestically By 2013

Bloomberg reported that the US defense industry will be able to meet its rare earth needs domestically by 2013.

As quoted in the market news:

Of seven rare earth elements that are most used in defense applications, supplies of six — dysprosium, erbium, europium, gadolinium, neodymium and praseodymium — are sufficient to meet demand in 2013, according to the Pentagon report. Yttrium, the seventh element, which is mostly used in lasers, may face a shortfall, the Pentagon said.

Click here to read the full Bloomberg report.