Congressman Mike Coffman (R-Colorado) announced today that he created a Congressional caucus to address the growing problem of China’s control over rare earth elements and “re-establishing domestic supply chain” of the must-have minerals.
In a press release, Coffman explained:
With the establishment of this caucus, I am confident we will be able to build awareness on Capitol Hill about the critical threat China’s trade policies of restricting rare earth exports pose to both the economic and national security of the United States.We cannot afford inaction on this issue any longer.
Coffman hopes to bring awareness about rare earths to his congressional colleague and hopes they can work together to find a solution to China’s stranglehold over the global supply.
We have a suggestion: mine them here. Just a thought. If we don’t, we’ll outsource more jobs to China.