Home / Business and Economy / US Unearths Rare Earths, Challenging China's Mineral Grip
US Unearths Rare Earths, Challenging China's Mineral Grip
18 Nov
Summary
- Vast graphite and rare earth element reserves discovered near Nome, Alaska.
- This discovery significantly reduces US import dependency on China.
- Materials will support advanced graphite and battery anode production in Ohio.
Alaska's Graphite Creek site has revealed substantial reserves of graphite and rare earth elements (REEs), a development that could significantly shift global supply chains and reduce the United States' reliance on China. Previously, China controlled approximately 90% of global graphite production and 93% of U.S. import dependency for REEs and graphite.
The discovery includes critical REEs such as neodymium and praseodymium, which are essential for batteries, renewable energy technologies, and consumer electronics. GraphiteOne, the company behind the project, anticipates that these REEs can be recovered as a byproduct of graphite extraction, enhancing the economic viability and strategic importance of the Nome deposit.
This initiative aligns with national goals for energy independence and technological manufacturing. Materials from the Alaskan site are slated for processing at an advanced facility in Ohio, bolstering domestic capabilities in producing graphite and battery anode materials. Further REE discoveries in Pennsylvania's coal deposits also signal a broader potential for the U.S. to secure its own supply of these vital minerals.
