The European Union also identified the need for a diversified and sustainable supply chain to secure access to rare earths,while the Australian government released its Modern Manufacturing Strategy,which also prioritises these key ores.
Rare earths refers to 17 elements crucial to the manufacture of many hi-tech products such as mobile phones,electric cars,wind turbines and defence applications. They also have military uses.
"Lynas continues to actively engage with all relevant governments regarding rare earths supply chain resilience and opportunities for governments to support local processing and manufacturing industries,"said Ms Lacaze.
Lynas shares rose around 3 per cent to jump above the $3 mark after the announcement.
The US Department of Defence is already funding the planning and design work for the construction of a heavy rare earth processing facility in Texas which Lynas plans to develop.