-->
American Resources Policy Network
Promoting the development of American mineral resources.
  • Blog

  • HOMEPAGE >> BLOG >> Germany Goes Prospecting for Mongolian Rare Earths

Germany Goes Prospecting for Mongolian Rare Earths

In another indicator that access to critical metals is rising to the level of national strategic policy – and transforming the typical travel itineraries for Heads of State – German Chancellor, Angela Merkel, visited Mongolia this week to ink a development deal to accelerate Mongolian rare earths mining. 

The German Government is being spurred on by mega multinationals like Siemens, anxious to lock in continued rare earths access with non-Chinese sources of supply.

Germany’s strategic focus is sharpened by the fact that it has no Rare Earths deposits of its own to develop; being 100 percent import-dependent, its only concern is to diversify its supply sources away from China, currently providing 97 percent of global rare earths production.

One question for U.S. policymakers:  With the U.S. home to 13 percent of global rare earths resources – not to mention similar reserves of a dozen other critical metals – why isn’t the German Chancellor coming to Washington, D.C. to look for partners in resource development?

Share

Archives