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Story summary
- The Defense Department is investing $25 million in ReElement Technologies for a rare-earth plant in Marion, Indiana.
- The money will fund equipment that recycles magnets and produces rare earths, germanium and gallium, reducing U.S. reliance on China.
- The investment reflects U.S. President Donald Trump’s administration effort to secure domestic critical-mineral sources for defense and semiconductor uses.
- ReElement halted its request for an $80 million Pentagon loan after failing the government’s due-diligence review.
