The new tariffs on Chinese imports, including permanent magnets, EV batteries, semiconductors, and various critical minerals, are a major shift in U.S. trade policy. As a result, domestic production of these essential resources must be a primary focus for the nation moving forward.
This shift will boost the growing U.S. rare earth industry, which is essential to the clean-tech sector and our collective transition to renewable energy. It will also attract investment to drive growth in the domestic rare earth market. This is not only good for the U.S. economy, but also strengthens national security by enhancing supply chain resilience for these critical materials.
This development emphasizes the importance of our work at Phoenix Tailings in establishing safe, clean, and sustainable domestic rare earth metal supply channels, which can power American innovation in building a greener future. We look forward to further policy decisions to support the growth of U.S. critical material manufacturing and lessen our dependence on single-source supply chains.