The Very Beginning of Supply Chains – Rare Earth Elements Mining at Sheep Creek, Montana
Listen in as Rosemary Coates and Rachel Winn, Director of Operations at U.S. Critical Materials, discuss the search for and mining of rare earth elements and the development of the Sheep Creek Mine in Montana. Rosemary Coates, Executive Director of the Reshoring Institute, hosts this episode of The Frictionless Supply Chain.
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The Very Beginning of Supply Chains – Rare Earth Elements Mining at Sheep Creek, Montana Recording Date
February 6, 2023 Duration
00:22:54 hrs/min/sec
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In 2021 after Biden took office, he appointed a team to study critical supply chains and vulnerabilities for America. After 100 days, the team reported that the top 4 categories where we are most vulnerable are: semiconductors, large-scale batteries, pharmaceuticals, and rare earth elements.
Rare earth elements are required for making all electronics, semiconductors, EV batteries, industrial magnets, and a host of other products we use in our every day lives. Today, China accounts for 63 percent of the world's rare earth mining, 85 percent of rare earth processing, and 92 percent of rare earth magnet production. This is a critical supply chain risk for American industry and American consumers.
So the recent announcement by US Critical Materials of a major geological find of rare earth elements in Sheep Creek Mine in Montana is awesome news.
To learn more about rare earth elements and U.S. Critical Materials, contact [email protected] and Rosemary Coates.
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