The only US producer of rare earths says the Biden administration needs to focus on giving incentives to producers of the building blocks that will drive electrification.
US-based rare earths miner MP Materials Corp posted a higher-than-expected quarterly profit on Thursday due to rising production and prices for the metals used to make electronics.
Officials at the Department for Business are discussing options to protect the United Kingdom's access to vital materials including lithium and cobalt.
The pace of the digital transition will impact the intensity in the use of energy, as well as direct demand for metals used in manufacturing, Fitch says.