The White House plans to expand its support for domestic rare earth businesses to counter China’s near monopoly on rare earth minerals.
Senior officials informed a group of rare earth companies at a recent meeting that the Trump administration intends to form public-private partnerships to boost domestic production and extend a minimum price guarantee to their products.
A White House official confirmed the July 24 meeting with The Epoch Times on Aug. 1. Reuters first reported the development.
U.S. governmental support to the rare earth sector would be similar to a recent investment deal with MP Materials, the company that owns the only active rare earth mine in the United States….
White House Ramps Up Efforts to Eliminate China’s Chokehold on Rare Earths
