HOUSTON, U.S. -- The U.S. government is buying into mining companies to build up a domestic supply chain for rare earths and reduce its reliance on China for critical resources, but the Trump administration's energy policies risk undercutting the demand that suppliers would depend on.
Supply Chain
China rare earth curbs put pressure on US to build domestic supply
While government buys into miners, cuts to clean-energy support risk hurting demand
The U.S. Department of Defense reached a deal to become the top shareholder in MP Materials, which runs the only rare earth mine operating in the U.S. © Reuters
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