National Security, Rare Earth Elements & The Thorium Problem TEAC 6

The only operating rare earth mine in the United States sends all of their valuable resources to China for processing. Congress does not know this. They think this [mining] company is supplying the U.S. value chain, [and] is supplying the military. It is in-fact, the opposite. They are part of the Chinese monopoly. They’re shipping rare earth concentrates and oxides to China, and it comes back as a magnet, or an alloy, or a bolt-on component.” – Jim Kennedy