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U.S. and Dominican leaders discuss rare earth deposits; preliminary estimate cited at about 100 million tons
Summary
Leaders said U.S. technical teams, including the Army Corps of Engineers, are assessing rare earth mineral reserves in the Dominican Republic; officials described gross reserves around 100 million tons and said a state company has been created to manage development.
Dominican and U.S. officials described preliminary findings and shared interest in developing the Dominican Republic's rare earth resources, which both sides said could be strategically important for modern technologies.
President of the Dominican Republic (name not specified in transcript) and U.S. Secretary of State Marco Rubio said the two governments discussed "development of rare earths, a resource that has great potential…
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