Reported about 4 hours ago
The Trump administration has collaborated with private investors to finalize a $1.4 billion investment in two rare earth startups, Vulcan Elements and ReElement Technologies. This partnership aims to enhance the U.S. supply chain for critical materials used in various advanced technologies and military equipment, reducing reliance on China, which currently dominates the rare earth market. The deal includes significant funding from the Department of Defense and incentivizes U.S. production of rare earth magnets, thereby supporting American manufacturers.
Source: YAHOO