US Moves to Challenge China’s Rare Earth Dominance with Pentagon’s Strategic Investments
TL;DR Summary
The US is developing a separate, higher pricing system for rare earths to challenge China's dominance, with a US Department of Defense deal guaranteeing a minimum price for MP Materials and plans to increase magnet production, aiming to boost domestic industry and reduce reliance on China.
Topics:business#industry#magnet-production#mp-materials#pricing-system#rare-earths#us-china-competition
- US rare earth pricing system is poised to challenge China's dominance Reuters
- Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50% CNBC
- Rare earths miner taps a seam of US government largesse Financial Times
- The Pentagon’s Rare Earths Deal Is Making Former Biden Officials Jealous Heatmap News
- The Pentagon’s Bold Move To Secure U.S. Rare Earth Mineral Needs Forbes
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