For years I have been writing about the coming US rare earth crisis all over the internet and highlighting the support of an independent US rare earth supply chain. This past Sunday evening in hit the mainstream media with a 60 Minutes piece on the Chinese monopoly of the rare earths and how the rare earth technology which was developed in the US was sent overseas for just pennies.
For the past forty years many of our best technologies were shipped overseas in the search for cheap labor. The cost was our intellectual property. The rare earth market began when the TV entered the American household. Now the rare earths especially the heavies have seen a huge demand increase in the past few years as the smartphones enter almost every pocket and in new military technologies such as guided missiles.
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U.S. Rare Earth Crisis Hits Mainstream Media with 60 Minutes Special
