Tom Daly BEIJING (Reuters) – The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on $200 billion of Chinese goods, underscoring its reliance on China for the strategic minerals.China is the world’s largest producer of rare earths and the biggest supplier to the United States, according the U.S. Geological Survey. Rare earth elements and minor metals have broad applications in U.S. industry, ranging from jet engines to mobile phones to oil and gas drilling. Most of the minerals the U.S. had originally targeted for tariffs were on a list of 35 minerals published by the U.S. Department of the Interior in May that were deemed critical to the country’s security and economic prosperity. Rare earth metals and their compounds, as well as mixtures of rare earth oxides or chlorides, were all included on a provisional list of tariffs on Chinese goods unveiled by the Office of the U.S. Trade Representative (USTR) in July. However, the final list released on Monday does not mention rare earths, a group of 15 lanthanide metallic elements plus the metals scandium and yttrium. The latest tariffs will go into effect on… continue reading
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