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U.S. Invests $400 Million to Secure Rare Earth Supply

7/13/2025

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Summary

Story summary

The U.S. Department of Defense is making a bold move by investing $400 million in MP Materials, California's sole active rare earth mine. This strategic partnership seeks to bolster domestic production and lessen dependence on China, which dominates 90% of the global supply. The goal? To create a robust U.S. supply chain for rare earth magnets vital for defense and technology.

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Story summary

The U.S. Department of Defense is making a bold move by investing $400 million in MP Materials, California's sole active rare earth mine. This strategic partnership seeks to bolster domestic production and lessen dependence on China, which dominates 90% of the global supply. The goal? To create a robust U.S. supply chain for rare earth magnets vital for defense and technology.