"It's scandalous that we don't have a rare earth strategic reserve," Siegel told CNBC's Squawk Box Monday, calling it a major security failure. "We let China monopolize 90% of refining rare earth materials. Where were we, realizing the importance of these?" Siegel urged the U.S. to build a rare earth stockpile similar to the Strategic Petroleum Reserve, which was created in 1975 after the Arab oil embargo left the country exposed to geopolitical blackmail.
For several years, Pakistan's primary strategic value to the United States was its role as a security partner, first during the Soviet occupation of Afghanistan and then during the so-called war on terror. list of 4 itemsend of list That relationship slowly collapsed amid accusations from growing sections of the US strategic community and Trump himself that Islamabad was duplicitous and couldn't be trusted, especially after American forces found Osama bin Laden in Abbottabad, Pakistan.
Minacu, a small city in inland Brazil, is set to become the first operation outside Asia to produce four rare earths on a commercial scale. This marks a pivotal development amid escalating trade disputes between China and the US, particularly since China has historically dominated the production of these essential minerals.
