The fresh deposits raise China's reserves to more than 2 million tonnes, which is almost on a par with uranium-rich Australia
Relying only on domestic or Canadian sources, the Department of Defense said, "unnecessarily constrains" the DPA programme's ability to "ensure a robust industrial base."
Talks with the US government to build a heavy rare earths plant in Texas have dragged on for four years but the group's CEO hopes a contract can be signed later this year.
The EU is spearheading a drive to boost domestic production of rare earths and super strong magnets used in EVs and wind turbines to cut dependence on China
For most critical minerals, the US and western nations are minority suppliers with only modest capability to influence global markets, Citizens for Responsible Energy Solutions Forum said
Mineral sands group commits to the country's first refinery, boosted by a $749m loan from the federal government to counter China's dominance of the processing of rare earths
Barring manganese, prices of other commodities such as lithium, cobalt and nickel have increased sharply since the beginning of 2022
Prime Minister Scott Morrison unveiled funding for a slew of projects in Western Australia, saying the big state would become a powerhouse for Australia's allies
Reliance's investment in Lithium Werks, which makes lithium iron phosphate batteries that are mainly used in EVs, includes funding for future growth
Musk retweeted an article saying the Ukraine-Russia conflict had sent commodity prices to their highest levels since 2008, and said his companies "are not alone"
EU filed a complaint against Indonesia at WTO for the Southeast Asian country’s restriction on nickel ore export, but Indonesia remains unbothered
Some of the measures, including incentives for exports, are likely to be incorporated in the National Green Hydrogen Mission