Earlier this year, China threatened to cut off supply to the U.S. as part of the U.S.–China trade war. But Wyoming may hold the key for the U.S. TopStates
In May, China threatened to cut off supply to the U.S. as part of the U.S.–China trade war.The global rare earth market will grow in value from $8.1 billion in 2018 to more than $14.4 billion by 2025 as demand for electric vehicles, cellphones and other products rise.Rare earth metals are used in cellphones, electric-vehicle batteries, fluorescent lights, defense, clean energy and much more. The global rare earth market is expected to grow in value from $8.1 billion in 2018 to more than $14.
According to mining experts, Bear Lodge is home to one of the richest and highest-grade rare earth deposits in the U.S., with an estimated 18 million tons of rare earth inside. Scott thinks there could be more than that. "It's an enormous, and enormously important, deposit," he says. But despite efforts to get the metal out of the ground — Rare Earth Resources has been exploring the area since 2004, while others have tried here and there to mine it since the metal was first discovered in the area in 1949 — it remains stuck in the mountain. "It's a great resource," says Scott. "But we keep hitting a brick wall.
As more cellphones get made and as more electric vehicles hit the roads, demand for rare earth will only rise. According to, the global rare earth market will grow in value from $8.1 billion in 2018 to more than $14.4 billion by 2025. "They're literally the building blocks of all modern technologies and electronics." says Ann Bridges, the Silicon Valley-based co-author of "Groundbreaking!: America's New Quest for Mineral Independence.
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