Rare Find: Rare Earth Elements Could Be Idaho’s Next Cash Crop

Boise Weekly reported that Idaho’s rare earth deposits may help reduce reliance on China for REEs.

The market news is quoted as saying:

Colorado Republican Rep. Mike Coffman has been the leading proponent of getting the United States back in the REE game, introducing the Restart Act of 2010, which gives loan guarantees to mining companies, expedites the permitting process, directs the U.S. Geological Survey to scour the country for more supplies, and sets up long-term contracts with the Department of Defense to buy up the REEs produced by American companies.

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