Discovery of over 2,000,000,000 tons of rare Earth mineral found in US could make country the new 'world leader'

Incredibly rare minerals were discovered in the US and it could be the boost American industry needs to become a world leader.

The country has been trailing behind China, who has the world’s leading manufacturing industry, and an enormous 95% of all earth minerals come from China.

In fact, the States alone imports 74% of their minerals.

Over two billion tons of rare earth minerals were found (MARCUS YAM/LOS ANGELES TIMES/Getty)

While the US comes in second place on the international stage for their manufacturing, there is a big margin between the two countries.

China holds over 31% of global manufacturing, more than double the US’ share of just 15%.

But that could all change thanks to an incredible find that has ‘exceeded their wildest dreams,’ says American Rare Earths after the mining company hit the jackpot with land they drilled earlier this year.

The modern-day gold rush happened in Wyoming where different minerals including oxides of neodymium, praseodymium, samarium, dysprosium and terbium were uncovered.

The team have so far only drilled 25% of land in their project so there could be much more to discover.

The kinds of minerals found are widely used in technology such as smartphones, hybrid cars and aircrafts, as well as more common things like light bulbs and lamps.

The mining company hit the jackpot with their drilling in Wyoming (American Rare Earths)

Following a ban on extraction in December 2023, American Rare Earths has been working to break China's record.

The company first started drilling in March 2023 and estimated 1.2 million metric tons of minerals in Wyoming.

And further drills have revealed way more - in fact, American Rare Earths have actually increased its yield by over two thirds.

Don Schwartz is CEO of the mining company and said: “These results are illustrative of the enormous potential of the project when the resource increased by 64 percent during a developmental drilling campaign, which increased measured/indicated resources by 128 percent.

“Typically, you’ll see the resource decrease as infill drilling takes place – instead, we’re seeing the opposite, with only 25% of the project being drilled to this point.”

But American Rare Earths aren't the only ones in the running after Ramaco Resources revealed it had found a deposit of rare minerals near Sheridan in Wyoming, that could have a value of $37 billion.

There's potentially even more minerals to uncover (American Rare Earths)

Speaking to Cowboy State Daily, Ramaco Resources CEO, Randall Atkins, said: “We only tested it for 100, 200 feet, which is about the maximum you’d ever want to do a conventional coal mine.

“Much deeper than that, and the cost would be prohibitive to mine for $15-a-ton coal. But there are seams that go down almost to 1,000 feet. So, we’re drilling down into the deeper levels to see what’s down there.”

Despite this, American Rare Earths has dismissed the estimate.

“Our resources is on an order of magnitude larger than the Ramaco Resources number,” said Schwartz.

“If you did the same thing for it, you’d come up with a lot bigger number, but that doesn’t take into account whether you can [mine and process] more economically, or even do it.”

Either way, it looks like the minerals could provide a huge boost to American industry and potentially be a game changer on a global scale.