Foreign media: The Trump administration in the United States is abandoning its plan to set a minimum price for key mineral projects in the country. This shift reflects issues of insufficient congressional funding and pricing complexity. Previously, the United States had provided price support for key minerals to MP Materials, but now government officials have informed mining industry executives in closed meetings that future projects must independently demonstrate financial viability, and the government will no longer provide price support.
This move contradicts the joint price support measures discussed by G7 partner countries. The U.S. key minerals industry has long hoped to use price support to counter China, but the government changed its strategy due to lack of congressional authorization and legal challenges. Nevertheless, the United States may still support key mineral projects through other means, such as equity investment and establishing strategic reserves.
Original article: toutiao.com/article/1855620318434627/
Statement: The article represents the views of the author himself.