The trade war between the world’s two biggest economies could lead to a critical shortage of rare earth elements if China maintains its export controls long-term or expands them to seek an advantage in any trade negotiations. The California mine can’t meet all of the U.S. demand for rare earths, which is why Trump is trying to clear the way for new mines. Rare earth elements are important ingredients in electric vehicles, powerful magnets, advanced fighter jets, submarines, smartphones, television screens and many other products. Despite their name, the 17 elements aren’t actually rare, but it’s hard to find them in a high enough concentration to make a mine worth the investment.The California mine yields neodymium and praseodymium, the light rare earths that are the main components of the permanent rare earth magnets in EVs and wind turbines. But small amounts of some of the heavy rare earths that China has restricted, such as terbium and dysprosium are key to helping the magnets withstand high temperatures. DO you think that US will lift the sanctions very soon becuase of the rare earth minerals ?
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