Excerpt: “The Department of Commerce initiated an investigation under Section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. § 1862) (‘Section 232’), to evaluate the effects of processed critical minerals and their derivative products on U.S. national security. Critical minerals, including rare earth elements, are important production inputs required for both civilian and defense-related applications. However, China currently dominates the global market for processing critical minerals and is the leading producer of 30 out of 44 critical minerals. In addition, China is expanding its influence by acquiring mining concessions and operations around the world. Through this Section 232 investigation, the Bureau of Industry and Security (BIS) is evaluating the foreign sources of processed critical minerals and their derivative products and assessing the associated risks. BIS is also analyzing current and potential U.S. capabilities to process critical minerals and their derivative products. This is an important step in securing America’s mineral future and prioritizing national security.”
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