Discovery of over 2,000,000,000 tons of rare Earth mineral found in US could make country the new 'world leader'

Rebekah Jordan

Source Link

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.