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. The coalition says that if China buys the mine, it will be "putting at risk our national security and economic security".
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.