Rebekah Jordan
Following the election, billionaire Elon Musk has been warning that the US economy is looming towards bankruptcy and urging President Donald Trump to consider Bitcoin as a solution to the country’s ever-increasing debt.
However, America might have just found a new path to financial strength after a discovery of incredibly rare materials was made in the country.
Right now, China leads the world in manufacturing, producing 95% of all rare earth minerals and holding over 31% of global manufacturing.
Meanwhile, the US relies on importing about 74% of its minerals and holds only a 15% share in global manufacturing.
But this gap could start to close thanks to a lucky find by American Rare Earths in Wyoming that hit the jackpot with the land they drilled earlier this year.
The team uncovered a treasure trove of rare minerals, including neodymium, praseodymium, samarium, dysprosium, and terbium.
No comments:
Post a Comment