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The U.S. hopes to break China's grip on rare earth metals, which are crucial in modern technology
The U.S. government urgently is trying to develop a homegrown American supply chain of rare earths — especially for military use.
The Trump Administration has aggressively cut deals to create a U.S.-centric supply chain, including a multibillion arrangement with a California company called MP Materials that runs the nation’s only major rare earth mining and processing operation. The federal government made waves in the industry — and in U.S. business and political circles — by taking a major ownership stake in the company, which also received tens of millions of dollars from the Biden Administration. Officials in the office of Assistant Secretary of Defense for Industrial Base Policy, which has spearheaded the Pentagon’s push to build the rare earth supply chain, didn’t respond to a request for an interview or to emailed questions.
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