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Why The United States’ Belated Critical Minerals Gambit Won’t Stop China

Since returning to the White House, President Donald Trump has launched an unprecedented U.S. federal push into critical minerals and rare earths, rolling out a series of equity and debt packages and unveiling a $3 billion investment program intended to scale domestic production. Key recipients include MP Materials and U.S. Rare Earths, while a $1.4 billion conditional loan to Sila Nanotechnologies highlights Washington’s effort to back next-generation battery materials and wean supply chains off China.

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