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Lawmakers Seek to Curb U.S. Reliance on China for Rare Earths

  • Bipartisan bill shows broadening push to bolster supply chain
  • Legislation follows Senate measure that was proposed in May
   

Photographer: Nelson Ching/Bloomberg

U.S. House lawmakers introduced a bipartisan bill aimed at reducing dependence on China for rare earths used in everything from electric vehicles to missiles to wind turbines.

The legislation co-authored by Republican Lance Gooden and Democrat Vicente Gonzalez, both of Texas, is similar to that introduced in May by Senator Ted Cruz. The measure would give tax incentives for companies involved in the mining, reclaiming and recycling of critical minerals and metals from deposits in the U.S.