US Invests in Rare Earths to Counter China | JQJO

The US government will become the largest shareholder in MP Materials, the operator of America's only active rare earth mine, to reduce reliance on China. A 10-year agreement guarantees a minimum price for neodymium and praseodymium, crucial for modern technologies. The DoD will invest $400 million in new shares, funding a new US processing facility to increase domestic production. This move counters China's dominance in rare earth mining and refining, a key element in the US-China trade conflict.