Though Texas is flush with rare earths, the minerals themselves will come from the company’s mine in Australia.
The Department of Defense and Lynas Rare Earths Ltd. will each contribute $30 million to establish a rare earths processing facility in Texas.
The legislation would provide tax incentives for the U.S. mining of rare earth materials, used to produce goods like smartphones and defense systems.
A Texas-based chemical company has announced a plan to become one of the first facilities outside of China to process rare-earth minerals.
