Trump Administration In Talks To Set Up $5 Billion Critical Minerals Fund As China’s Rare Earths Dominance Remains A Concern: Report

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.

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. 

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