Venezuelan Rare Earth Minerals May Help Reduce U.S. Reliance on China
An expert suggests Venezuela’s reserves of rare earth elements could provide an alternative supply chain to lessen U.S. dependence on China for critical minerals.
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Terms & Concepts
Rare earth elements: A group of 17 metallic elements used in high-tech products, including electronics, military systems, and renewable energy applications.
Supply chain diversification: The process of sourcing materials from multiple regions or suppliers to reduce geopolitical and logistical risks.