California non-profit organisation the Coalition for a Prosperous America is calling on the country's government to block the $20.5m sale of the nation's only rare earth elements (REE) mine in US to a Chinese-led coalition. REEs are used in every form of modern electronics, from smartphones to guided missile systems. In 2015, the Mountain Pass Mine yielded 5% of global REEs, whereas China extracts between 85% and 95% of the world's supply.
US non-profit organisation the Coalition for a Prosperous America is calling on the country's government to block the $20.5m sale of the nation's only rare earth elements (REE) mine in California to a Chinese-led coalition. REEs are used in every form of modern electronics, from smartphones to guided missile systems. In 2015, the Mountain Pass Mine yielded 5% of global REEs, whereas China extracts between 85% and 95% of the world's supply.