US government invests $1.6bn for stake in rare earths firm
Donald Trump
The Trump administration will invest $1.6bn (£1.2bn) in a US critical minerals firm, marking officials' latest push to reduce China's dominance over the rare earths sector. The agreement with USA Rare Earth, which will give the government a stake in the firm, emerged days after US President Donald Trump claimed to have secured the "framework" of a deal over Greenland - which he said includes access to rare earth minerals. It follows similar investments by the US government in minerals companies
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