Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
USA Rare Earth Llc said on Thursday former US Secretary of State Mike Pompeo has joined the company as a strategic advisor.
“USA Rare Earth’s supply is critically important to reduce foreign dependencies while creating additional American jobs,” Pompeo said.
Rare earth elements form an important part of President Joe Biden’s initiative to transition towards clean energy as they are used in electric vehicles, electronics, and defense industries.
USA Rare Earth, which had planned to go public in 2021, is developing the Round Top rare earths deposit in Texas.
(By Sourasis Bose; Editing by Uttaresh.V)
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