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Congress Eyes $2.5B Agency to Break China's Rare Earths Grip
A bipartisan congressional proposal aims to establish a $2.5 billion agency to boost domestic production of rare earth minerals, addressing concerns about U.S. reliance on China. This initiative follows actions by the Trump administration, including Pentagon investments and equity stakes in mineral companies, to reduce dependence on Chinese processing of these materials vital for various high-tech and defense applications. The proposed agency's alignment with existing White House strategies remains to be seen, as the U.S. seeks to secure its supply chain amidst ongoing trade tensions.
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