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 Chinaâ€™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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