BusinessPublished
US Government's Mining Ambitions Show Slow Progress
The US government has invested heavily in scaling up mining, but progress has been slow. While domestic production has increased, the country still relies on other Asian nations for magnet manufacturing. The supply chain remains outside the US, and building a magnet factory takes time.
At a glance
- The US government has invested in scaling up mining, but progress is slow.
- Domestic production of mined materials has increased, but still relies on other Asian countries for processing.
- The supply chain for magnet manufacturing remains outside the US.
- Building a magnet factory takes time and is a slow process.