Wall Street Journalのインスタグラム(wsj) - 11月30日 09時21分

California's Mountain Pass mine—the only current U.S. source of "rare earth" minerals critical to high-tech applications, including military equipment—is between a rock and a hard place.⠀
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Six months after a hedge fund became majority owner of the mine and brought it out of bankruptcy, President Trump announced an executive order that would seem like its golden ticket: The U.S. should stop buying key minerals overseas, and instead promote domestic supplies, as a matter of national security.⠀
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But as is often the case with global trade, the situation is complicated. The mine's owner first ships its ore to China, home to most of the processors, refiners and parts-makers that turn rare earths into products for customers all over the world, including the U.S.⠀
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That exposed it to problems when Washington announced tariffs of up to 25% on Chinese imports entering the U.S. China retaliated with its own tariffs on U.S. goods—including ore from Mountain Pass.⠀
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Now, a mine that is ready to produce minerals it sees as crucial to national security is caught up in the government's other goal of punishing China for what it sees as unfair trading practices. Read more at the link in our bio. ⠀
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?: Roger Kisby for @wsjphotos

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