President Donald Beijing’s rare-earths power-play: Washington needs to reverse the Clinton-era clampdown on US mining, which leaves our country needlessly dependent on the goodwill of the Chinese Communist Party for crucial raw materials.
Beijing is moving to restrict export of rare earths and hi-tech products made from them, including batteries, semiconductors and advanced magnet-based technologies. Trump rightly calls that a threat to throttle the entire global economy.
Yet China only has this power because we allow it.
The United States and its allies have ample supplies of everything China seems to monopolize; it’s simply a matter of restoring a US mining industry that actually led the world as recently as the early 1990s.
This does not require tossing environmental standards overboard, but rather cutting layers of red tape that only serve the green-extremist goal of shutting down new US mining — which ends up doing greater global environmental harm, since nations like China impose far fewer restrictions, and can’t be bothered to use the modern tech that minimizes environmental impacts.
On Monday, the Committee To Unleash Prosperity is releasing a landmark study laying out America’s vast mining potential: roughly $12 trillion in recoverable mineral resources, including hundreds of billions of dollars of critical and rare-earth minerals in in the mountains of Colorado, Montana, the Dakotas and Utah.