“The reality is the U.S. has not done enough to secure the supply chain from an inevitable shortage of rare earths expected to come in the next two to three years”
Headline: GTSO: Report Warns that the U.S. is Overly Dependent on China for Rare Earth Metals
A report released this month by the American Security Project supports Green Technology Solutions’ (OTCBB:GTSO) assertion that the U.S.’s reliance on China as the sole supplier of rare earth metals represents a national security risk.
The American Security Project (ASP) is a nonprofit, bipartisan public policy and research organization dedicated to fostering knowledge and understanding of a range of national security issues. ASP released the report, titled "Rare Earth Metals and U.S. National Security," last week. According to the report, China controls more than 90 percent of the rare earths market, making the U.S. totally reliant on the communist nation for the production of its most powerful weapons.
"The reality is the U.S. has not done enough to secure the supply chain from an inevitable shortage of rare earths expected to come in the next two to three years,” said Dr. Jim Ludes, ASP’s executive director.
Source: eon.businesswire.com
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