US Backs Unproven Rare Earth Players with Billions in Funding

Post Views: 95 Rare earth US Backs Unproven Rare Earth Players Amid Strategic Mineral Push The US government is investing billions in unproven rare earth companies to secure domestic critical minerals. Companies like USA Rare Earth are receiving major funding despite lacking commercial mining or magnet production. This strategy reflects a high-risk, venture-style approach aimed at reducing reliance on China. USA Rare Earth plans to develop a mine-to-magnet value chain at its Round Top deposit in Texas. Production is targeted for late 2028. Analysts warn that the deposit’s low grade and complex...