TOKYO -- President Donald Trump's call for increased mining in the U.S. will likely require subsidies to persuade Japanese trading houses to invest in high-risk projects, analysts say.
Business trends
Trump's U.S. mining push a hard sell for Japan's trading houses
Analysts and companies say subsidies needed to make U.S. projects viable
A view of the MP Materials rare earth open-pit mine in Mountain Pass, California. In 2023, Japan's Sumitomo announced it would reduce the use of Chinese smelters to refine ores mined by MP Materials. © Reuters
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