Earlier this summer, the Chinese government implied that it might halt exports of rare earth elements to the United States as its next step in the ongoing trade war.
These minerals serve as crucial elements in the manufacturing of a wide range of technology products, and American leaders worry that if China follows through on its threat, it will cripple the US economy and threaten national security.
But these fears are misguided — there are other available sources for rare earth materials and components made from them that can be tapped into if China follows through on its threats.
Rainbow Rare Earths Ltd (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.