This comes after China used its dominance in the rare earth minerals industry as a bargaining chip to bring the U.S. to the negotiating table on semiconductor chip restrictions.
The Trump administration is reportedly in talks with a New York-based investment firm to set up a $5 billion fund to boost mining of critical minerals.
Add Asianet Newsable as a Preferred Source
According to a Bloomberg report citing people familiar with the matter, the U.S. International Development Finance Corp. is exploring a joint venture with Orion Resource Partners.
This comes after China used its dominance in the rare earth minerals industry as a bargaining chip to bring the U.S. to the negotiating table on semiconductor chip restrictions.
Get updates to this story developing <directly on Stocktwits<.<
For updates and corrections, email newsroom[at]stocktwits[dot]com.<