White House to expand price support for U.S. rare earths projects, Reuters says

Top White House officials told a group of rare earths firms last week that they are pursuing a pandemic-era approach to boost U.S. critical minerals production and curb China’s market dominance by guaranteeing a minimum price for their products, five sources familiar with the plan told Reuters, Ernest Scheyder and Jarrett Renshaw report. The previously unreported July 24 meeting was led by Peter Navarro, President Donald Trump’s trade advisor, and David Copley, a National Security Council official tasked with supply chain strategy. It included ten rare earths companies plus tech giants Apple (AAPL), Microsoft (MSFT)and Corning (GLW), which all rely on consistent supply of critical minerals to make electronics, the sources said. The Fly notes that companies involved in the development and mining of rare earth minerals include Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials (MP), Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).