The U.S. government has invested 1.6 billion dollars to support rare earth companies to ensure the supply of critical minerals.

The Trump administration plans to inject $1.6 billion into a U.S. rare earth company, which is the largest investment that Washington has made in the private sector to secure supply in key mineral sectors. The U.S. government will acquire 10% of the shares of USA Rare Earth, a publicly listed company based in Oklahoma with important heavy rare earth deposits in the United States. This government investment and another $1 billion private financing deal are expected to be announced on Monday.

Image source: Internet

Original article: toutiao.com/article/1855271245721610/

Statement: This article represents the views of the author himself.