Political Quotes

Eric Swalwell: I will include an article from The Wall Street Journal in support of H.R. 1022 in the Record. This is a December 5…

On the recordJuly 22, 2014
I will include an article from The Wall Street Journal in support of H.R. 1022 in the Record. This is a December 5, 2013, Wall Street Journal article titled, ``China Still Dominates Rare-Earth Processing.'' [From the Wall Street Journal, Dec. 5, 2013] China Still Dominates Rare-Earth Processing (By James T. Areddy) Shenzhen, China.--When U.S. Rare Earths Inc. begins mining on the border of Montana and Idaho about two years from now, the U.S. will gain a new domestic, non-Chinese source of minerals essential to making electronic devices and weaponry components. But at the moment, there's virtually no place for these minerals to be processed into something useful--except China. China's share of global rare-earth output has been shrinking recently as miners elsewhere capitalized on fears the country controls too much global supply. Even so, China still dominates the complex--and often polluting--middle steps that turn mined material into useful ingredients, including metals and magnets. For example, China supplies about 80% of the specialized magnets produced with rare-earth ingredients like neodymium that are used in everything from elevators to cruise missiles. ``It's amazing people haven't connected these dots,'' said U.S. Rare Earths Chief Executive Kevin Cassidy. His company plans to build facilities in the U.S. to handle difficult middle-stage processes, but that will be expensive and require numerous regulatory approvals.…
Said by
Eric Swalwell
Democratic · California
Source
govinfo.gov
Jul 22, 2014

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