Trump administration invests in another US rare earth miner to loosen China's grip on supply
Published on: Jan. 26, 2026, 11:01 p.m. | Source: The Economic Times
The US government is investing $1.6 billion in USA Rare Earth to develop a Texas mine and an Oklahoma magnet manufacturing facility. This move aims to reduce reliance on China for critical minerals essential for high-tech products and national security. The investment includes federal funding and a significant loan, with the Commerce Department taking a minority stake in the company.
