Rare Earth Dominance Challenge
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US challenge to China's rare-earth dominance will take years, CEO says
Youtubeยท 2025-12-06 17:30
Group 1 - Ramapa Ramco Resources is collaborating with the government to establish a strategic critical minerals terminal in Wyoming aimed at facilitating the discovery and marketplace for rare earths in the United States [1][2] - The company plans to create a physical warehouse and storage terminal for rare earths, which currently does not exist in the U.S., to store and sell these materials to third parties [2][3] - The initiative is likened to a "Fort Knox for rare earths," with the company working alongside Goldman Sachs to develop this facility [3] Group 2 - The company has raised approximately $600 million for building the commercial facility, which is expected to take about a year or more to complete [4][5] - The timeline for the U.S. to challenge China's dominance in rare earth production and sales is projected to be several years [5][6] - The recent meeting between the presidents of the U.S. and China has led to some restrictions on rare earth sales from China, particularly for military purposes, but the long-term implications remain uncertain [7]