The US Department of Defense agreed to lend $700 million to producers of rare-earth magnets in a bid to increase domestic production of materials used in consumer electronics and weapons https://t.co/97MLQ4S3pe ...

Government Support - US government (Commerce Department and Pentagon) pledges funding and possible equity stakes in a US rare-earth magnet producer [1] Geopolitical Implications - The funding is related to the trade war with China, highlighting the strategic importance of rare-earth magnets [1]