The Pentagon invests in domestic rare-earth firm to reduce reliance on China

The Pentagon has agreed to spend $400 million to take a 15 percent ownership stake in MP Materials, a U. S. company that mines and processes rare earth elements. In addition to the equity purchase, the Department of Defense will back a new magnet factory capable of producing 10,000 metric tonnes per year, with operations expected […] source: https://www.cryptopolitan.com/pentagon-invests-domestic-rare-earth-firm/