IHS Chemical Week

U.S. Lawmakers Advance Bill to Promote Rare Earths R&D

9:17 AM MDT | October 12, 2010 | Nancy Seewald

The U.S. House of Representatives has approved a bill that would advance rare earths R&D and broaden an existing program of loan guarantees to new rare earths production facilities in the U.S. The bill is a bipartisan push to reduce U.S. dependence on China for rare earth materials, particularly because of China’s cap on exports. The Chinese government began applying export quotas to rare earths in 2004, and in 2009 it announced a reduction of its export quota for 2010-15. The Rare Earths and Critical Materials Revitalization Act would help the U.S. avoid...

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