Business Rundown: Confronting China’s Rare Earth Minerals Monopoly
America must confront a new problem in our trade war with China: where to source our rare earth minerals. Just last week Beijing retaliated against the President’s tariffs by suspending the export of these minerals to the United States.
Fox Business correspondent Gerri Willis speaks with President and CIO of Equinox Partners, Sean Fieler, about what these minerals are, how China has been bulding their rare earth minerals infrastructure for decades, and the need for federal action on mining and mineral deals to overcome our reliance on Beijing.
Photo Credit: AP
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