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Driving domestic production of critical materials and rare earth elements

Resilinc

Not only are these minerals necessary for a wide range of products and industrial processes, they are also essential for a transition to low-carbon energy sources (along with rare earth elements). In 2002, after the only major U.S. REE supplier, California’s Mountain Pass mining company, went bankrupt, the federal government and U.S.

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A vision for a transparent global Rare Earth Element system using blockchain technology

Provenance

China’s low prices have historically undercut global prices and pushed out foreign competitors –– such as the Mountain Pass mine in California, which closed in 2002. In other words you cannot physically differentiate a sustainably sourced REE from a non-sustainably sourced REE without the use of tagging.