But if there's one supplier of it, we could shut down our factories by saying no, not going to export those. That was done for strategic reasons, not for economic reasons. So We, for strategic reasons, have to counter [the dominance in the rare earth supply chain] by making business conditions that make it make sense to mine, process, refine and construct these magnets in the United States. I'm a capitalist, I don't want to do this. But for strategic reasons we need to do this. But we can do it in a way where we just change the economic conditions. (44:34–44:48)
CLAIM
Asserts the need to create favorable business conditions in the U.S. for rare earth production for strategic reasons.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
