(Reuters) – Tiny Canadian company Medallion Resources Ltd said on Tuesday it was looking at sites in North America to develop a rare-earth extraction plant, as the prolonged U.S.-China trade war turns the spotlight on the metals.
Rare earths are an essential component in rechargeable batteries that power electric and hybrid cars, while some of them, such as neodymium and dysprosium, are also critical to the motors used in electric vehicles.
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