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Legislation under consideration by the US House of Representatives would create a fund to support domestic production of strategic minerals, chiefly rare earths (the lanthanide elements, yttrium and scandium) but would also provide financing to lithium, fluorspar, vanadium and antimony producers.
A bill introduced to the floor of the House of Representatives on 7 March 2017 aims to reduce US dependence on foreign rare earth suppliers by creating a fund to back domestic producers.
The “Materials Essential to American Leadership and Security Act”, or METALS Act, introduced by California congressman, Rep. Duncan