Wyoming may hold the key to the rare earth minerals trade war with China
Thursday, July 11, 2019
Wyoming is best known for its picturesque views and towering mountain ranges, but if Randy Scott has his way, it’ll become famous for something else: rare earth minerals. These resources have been in the spotlight since China, the country that dominates global supply, threatened in May to cut off supply to the U.S. as part of the U.S.–China trade war.
Since 2011, when Scott became the president and CEO of Littleton, Colorado-based Rare Earth Resources, the veteran mining executive and metallurgical engineer has been trying to get a massive stash of rare earth — a metallic element that’s used in cellphones, electric vehicle batteries, fluorescent lights, defense, clean energy and much more — out of Bear Lodge, a small mountain range tucked away in the northeast corner of the state, about 40 miles from South Dakota’s border.