Core Viewpoint - The Trump administration is retreating from its plan to guarantee minimum prices for key mineral projects in the U.S., reflecting a lack of congressional funding and the complexities of market pricing [1][3]. Group 1: Government Actions - The shift in policy marks a reversal of commitments made to the industry and may differentiate Washington from the G7 discussions on joint price support measures for critical minerals used in electric vehicles, semiconductors, defense systems, and consumer electronics [1][3]. - During a closed-door meeting hosted by a Washington think tank, senior officials from the Trump administration informed mining executives that their projects must demonstrate financial independence without government price support [1][3]. - Audrey Robertson, Assistant Secretary of the Department of Energy, stated to executives, "We are not here to support you," indicating that expectations for government backing should be tempered [1][3]. Group 2: Implications for Future Transactions - This policy change will guide future transactions but will not affect the price floor for MP Materials, which the government agreed to as part of an investment plan last July [1][3]. - Joshua Kroon, Deputy Assistant Secretary for International Trade Administration, also participated in the meeting, reinforcing the message that Washington lacks the capacity to provide price floors [2][4].