Wyoming Unearths 2.34 Billion Tons of Rare Minerals

By Carver Malone | May 24, 2024

Mineral supply

The United States aims to challenge China's dominance in the rare mineral industry with the discovery of vast reserves in Wyoming. 

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China currently controls 95% of global rare mineral supply, with the U.S. depending on China for 74% of its rare mineral imports, emphasizing the significance of this development.

Gold rush

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Wyoming emerges as a potential disruptor to challenge China's monopoly in the rare mineral market, likened to a contemporary gold rush in the area.