U.S. steps back from critical mineral minimum price guarantee, Reuters says

The White House is stepping back from plans to guarantee a minimum price for U.S. critical minerals projects, a quiet acknowledgement of a lack of congressional funding on the matter and the difficulties associated with setting market prices, Reuters’ Ernest Scheyder and Jarrett Renshaw reports, citing multiple sources. The change comes as a U.S. Senate panel is examining a price floor extended last year to MP Materials (MP), the authors note. Other publicly traded companies in the space include USA Rare Earth (USAR), Critical Metals (CRML), and United States Antimony (UAMY).