U.S. tariff policy changes to boost demand for American Rare Earths

From GlobeNewswire: 2024-05-15 08:03:00

American Rare Earths Ltd. (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) is set to benefit from recent U.S. tariff policy changes that target critical minerals and technology sectors. These changes, particularly aimed at imports from China, are expected to boost demand for locally sourced critical minerals. With strategic projects at Halleck Creek in Wyoming and La Paz in Arizona, American Rare Earths is well-positioned to meet this demand, as these sites contain some of North America’s largest rare earth deposits. This shift aligns with the company’s efforts to supply resources crucial for the clean energy transition. American Rare Earths expects an increase in demand for its products as the U.S. focuses on enhancing domestic supply chains for critical minerals. The move by the Biden administration aligns well with the company’s development strategy, especially regarding its flagship Halleck Creek magnetic rare earth project in Wyoming.



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