rare earth

The Pentagon announced Tuesday it will offer a conditional $500 million loan to Phoenix Tailings, a Massachusetts-based company working to build domestic rare-earth processing capacity, as the Defense Department moves to reduce American dependence on China for materials critical to modern weapons systems and electronics.

The United States gathered several other countries to sign an agreement countering China's dominance in the rare earth minerals.

The Trump administration announced a $1.4 billion deal Monday to establish a fully domestic rare-earth magnet supply chain.

President Donald Trump met with Japanese Prime Minister Sanae Takaichi to discuss security, economic growth, and other matters, signing an agreement to support their collaboration.

Apple has announced a deal with MP Minerals to support the production of rare-earth minerals to be used in smartphones and other devices.

The Defense Department has become the largest shareholder of a California rare earth mine critical for military technology.

Trade negotiations between the United States and China resumed Tuesday evening in London as both sides worked to resolve escalating trade tensions. According to the U.S. Treasury, discussions picked up shortly after 8 p.m. local time at Lancaster House, a historic site known for high-level diplomatic meetings.

President Trump’s latest executive orders have sent shockwaves through the global rare earths industry, breaking China’s decades-long grip and launching a surge of new mining efforts across the globe.