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The Economic Times

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US to inject $1.6 billion into rare earths miner for 10% stake, FT reports

America is set to invest $1.6 billion in USA Rare Earth. This deal grants the US government a 10% stake in the company. The investment aims to increase domestic production of critical minerals. This move reduces reliance on China for these vital resources. The company is developing a mine in Texas and a manufacturing facility in Oklahoma.

25 Jan 2026 6:31 am