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Reuters reported that the US needs to secure a steady supply of rare earths to fulfil its alternative energy initiatives.
Reuters reported that the US needs to secure a steady supply of rare earths to fulfil its alternative energy initiatives.
As quoted in the market news:
The Obama administration is coordinating a broad federal initiative to ensure availability of critical metals for the U.S. economy. The Department of Energy (DOE), Office of Science and Technology Policy, U.S. Geological Survey, U.S. Department of State and the Department of Defense all are involved. Federal programs are designed to establish a broad-based plan to encourage research and development and provide financial support to foster a stable growing supply of critical elements.