Pentagon looking forward to working with US rare earths firms, official says
The Pentagon, headquarters of the US Department of Defense. Credit: Wikipedia under public domain licence
The US Department of Defense plans to continue working with rare earths companies to ensure diverse American supply of the critical minerals used across the economy, a defense official told Reuters on Tuesday.
The Pentagon last week signed a multibillion-dollar deal to become the largest shareholder in rare earths producer MP Materials and also agreed to several financial backstop measures for the company.
(By Ernest Scheyder; Editing by Chris Reese)
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