University of Michigan study finds North America has viable rare earth element deposits for domestic supply chains
Summary
A University of Michigan study finds that North America has sufficient rare earth element deposits of adequate quality to develop domestic supply chains, reducing reliance on foreign sources. Rare earth elements are critical for clean energy technologies and consumer electronics. The article examines the geological, economic, and logistical feasibility of mining these materials within North America to support the clean energy transition and modern manufacturing.
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Key quotes
· 2 pulledIn the quest to create a robust supply chain of rare earth elements necessary for the clean energy revolution and everyday modern conveniences, North America has enough deposits of sufficient quality to begin looking in its own backyard, according to a University of Michigan study.
Rare earth elements are critical components of many products in our lives, including cell phones, car
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