Trump’s $8.5 Billion Effort to Secure a Rare Earths Supply Chain

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The US is investing $8.5 billion to develop rare earth minerals supply chains, reducing China's dominance in the sector, with a focus on critical minerals used in defense, technology, and manufacturing.

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90%

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The United States is looking to develop new rare earth minerals supply chains to reduce China’s dominance of the sector. In October, President Donald Trump and Australian Prime Minister Anthony Albanese met at the White House to sign an agreement for the strengthening of the critical minerals and rare earths supply chain, with $8.5 billion in projects outlined. Rare earths are critical minerals that are used in a variety of applications, including the production of magnets for weapons platforms, semiconductor manufacturing, robotics,…

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