White House Ramps Up Efforts to Eliminate China’s Chokehold on Rare Earths

The White House plans to expand its support for domestic rare-earth businesses to counter China’s near-monopoly on rare-earth minerals. Senior officials informed a group of rare-earth companies at a recent meeting that the Trump administration intends to form public-private partnerships to boost domestic production and extend a minimum price guarantee to their products. A White House official confirmed the July 24 meeting with The Epoch Times on Aug. 1. Reuters first reported the development. U.S. governmental support to the rare-earth sector would be similar to a recent investment deal with MP Materials, the company that owns the only active rare-earth mine in the United States....