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Trump administration is investing in US rare earths in a push to break China's grip
The U.S. government is investing billions to support domestic rare earth production and reduce reliance on China, with Pentagon funding surpassing $439 million since 2020.
- This year the Trump administration is boosting domestic rare-earths, with Congress's spending bill including $5 billion through 2029 and the Pentagon investing $400 million in MP Materials.
- Longstanding dependence on foreign minerals means U.S. faces national security risks due to reliance on 50 minerals, including 17 rare-earth elements, industry and officials warn.
- As plants scale up, a plant south of Austin aims to produce 2,000 tons annually, yet analysts say domestic output still falls far short of demand.
- This month the government provided a $150 million loan to a U.S. magnet maker and the Pentagon backed exploration funding, including up to $10 million for NioCorp, while pursuing foreign access and investigations.
- U.S. production is set to expand in the coming years, but experts say the U.S. still needs an arrangement with China for sufficient supplies despite demand doubling over the next decade.
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Trump administration investing in U.S. rare earths in push to break China's grip
U.S. production of crucial components in electric vehicles, smartphones and fighter jets is set to expand rapidly in the coming years, as the Trump administration intensifies efforts to build up the critical mineral industry in the United States to work to break the chokehold that China has on the global…
·Sakado, Japan
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Trump Plans To Invest Billions In US Rare Earths To Cut China's Grip
US production of crucial components in electric vehicles, smartphones and fighter jets is set to expand rapidly in the coming years, as the Trump administration intensifies efforts to build up the critical mineral industry in the US.
·New Delhi, India
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Coverage Details
Total News Sources56
Leaning Left8Leaning Right8Center24Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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