Reported about 9 hours ago
Cleveland-Cliffs, an Ohio-based steel company, is venturing into rare-earth mining in response to Beijing's restrictions on these materials, igniting investor interest and driving its shares up over 20%. This shift mirrors the pivot towards crypto and AI seen in prior years, emphasizing a new era of corporate nationalism as businesses align with national strategies for critical material independence. While challenges in infrastructure and production timelines exist, the potential for securing supply chains away from foreign dominance has energized the market.
Source: YAHOO