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US Reportedly Plans to Wield Cold War-era powers to Fund Rare Earth Projects; MP Materials Soars 8.5% Post-Mkt
The Trump administration is planning to wield the Cold War-era powers to prioritize and fund rare earth projects deemed crucial to national security, Bloomberg, citing sources, rep...
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US Reportedly Plans to Wield Cold War-era powers to Fund Rare Earth Projects; MP Materials Soars 8.5% Post-Mkt
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The Trump administration is planning to wield the Cold War-era powers to prioritize and fund rare earth projects deemed crucial to national security, Bloomberg, citing sources, reported.

Officials are reportedly discussing ways to boost the establishment of a domestic supply chain in the US through financing, loans, and other methods including mining, processing, and other downstream technologies. Specific action plans or timelines have not yet been determined.

Related NewsAPI Crude Oil Stock Change for Jun/06 in United States is -0.370M, lower than the previous value of -3.3M. The forecast was 0.7M.
MP Materials (MP.US)      , the only rare earth producer in the US, will be the primary beneficiary, report said. US Deputy Secretary of Defense Steve Feinberg is advocating for funding for the company.

After soaring 13.9% at close overnight (12th), MP Materials further shot up 8.5% in post-market trading at US$31.69.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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