The Trump administration brokered an unusual deal with a U.S. mining, refining and magnet company as part of a plan to diminish America's reliance on China for rare earths.
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Why Trump wants magnets more than gold
Beginning in 2027, the Pentagon will prohibit the use of Chinese-origin rare earth magnet materials in U.S. military platforms. That mandate cuts through the American defense industrial base, ...
Shares of Trilogy Metals skyrocketed on Tuesday after the Trump administration announced it would take a stake in the ...
(Reuters) - U.S. President Donald Trump on Monday told the Pentagon to find better ways to procure a rare earth magnet used in speciality motors, warning that the nation's defence would suffer without ...
MP Materials has chosen Northlake, Texas, for its new $1.25 billion rare earth magnet manufacturing campus. The facility, dubbed "10X," will use rare earth raw materials that have been sourced and ...
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