REPORT: Trump-backed project uncovers mineral treasure that could end China’s tech dominance

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FROM FOX NEWSA project heralded by Alaska Gov. Mike Dunleavy and accelerated by President Donald Trump stands to deal a huge blow to China’s dominance in the nanotechnology, energy and automotive sectors as the GraphiteOne site near Nome uncovered vast reserves — for which Beijing previously accounted for 90% of production.

As of 2024, the U.S. was at least 93% import-dependent on both rare earth elements (REEs) and graphite itself, according to the International Energy Agency, and the Graphite Creek deposit has already been dubbed the largest such tranche in the U.S.

But, this week’s announcement that REEs were discovered in addition to the graphite lode portends a step-up that the U.S. can take against the CCP through Trump’s “American energy dominance” agenda, according to a source familiar with the situation.


Rare earth elements (REEs) are necessary components of batteries, renewable energy technologies, fiber optics, lighting systems, magnets, and consumer electronics like smartphones and tablets. This reliance frequently disadvantages U.S. manufacturing, a challenge intensified by China’s 2024 export restrictions on magnet-related REEs, as reported by PRNewswire.

Graphite One President Anthony Huston called the rare earth discovery near Nome “proof of a truly generational deposit” at the Graphite Creek project.

REEs found include neodymium, praseodymium, dysprosium and terbium, along with ore rock containing garnet deposits. Garnets can absorb certain REEs into their mineral structure.

Materials from the site will be transported to a state-of-the-art graphite and battery anode processing facility in Ohio.

Huston verified the presence of two materials qualifying under the Defense Production Act, noting that “robust economics of our planned complete graphite materials supply chain, the presence of Rare Earths at Graphite Creek suggests that recovery as a by-product to our graphite production will maximize the value.”


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