Lifton Sees Rare Earth Challenge Backfiring for US

Bloomberg reported that Jack Lifton doesn’t see the United States’ complaint about China’s rare earth export quotas as a good move by the US.

As quoted in the market news:

While the U.S. has Mountain Pass and other rare-earth deposits, it lacks sufficient manufacturing capacity to take the commodities and make them into rare-earth products such as magnets, Lifton said. Any change in Chinese exports may benefit Europe and Japan, where there is more manufacturing capacity, he said.

Click here to read the full Bloomberg report.