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MP Materials results beat expectations on rising sales, US price support

MP Materials results beat expectations on rising sales, US price support

Aug 6 (Reuters) - Rare earths producer MP Materials reported second-quarter results on Thursday that beat analysts' expectations due to rising sales and its price support agreement with the U.S. government. The company's shares gained 2.2% to $48.52 in after-hours trading.
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Trump to host mining CEOs as administration seeks minerals for defense supply chains

Trump to host mining CEOs as administration seeks minerals for defense supply chains

By Jarrett Renshaw and Ernest Scheyder WASHINGTON, Aug 7 (Reuters) - U.S.
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Ucore Rare Metals Announces $60 Million Public Offering to Boost U.S. Rare Earth Supply Chain

Ucore Rare Metals Announces $60 Million Public Offering to Boost U.S. Rare Earth Supply Chain

Ucore Rare Metals Announces $60 Million Public Offering to Boost U.S. Rare Earth Supply Chain
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Vulcan Elements Receives $50 Million for Magnet Production Facility Modernization in North Carolina

Vulcan Elements Receives $50 Million for Magnet Production Facility Modernization in North Carolina

Vulcan Elements Receives $50 Million for Magnet Production Facility Modernization in North Carolina
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Idaho Strategic Resources Expands Rare-Earth Mining Efforts with New Discoveries

Idaho Strategic Resources Expands Rare-Earth Mining Efforts with New Discoveries

Idaho Strategic Resources Expands Rare-Earth Mining Efforts with New Discoveries
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Trump unveils trade actions to compete with China on solar and chips

Trump unveils trade actions to compete with China on solar and chips

By Nichola Groom and Alexandra Alper WASHINGTON, Aug 6 (Reuters) - The White House on Thursday imposed a series of price floors and a 15% tariff on products made from polysilicon, the raw material used in semiconductors and solar panels that is primarily produced by China. U.S.
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Lockheed Martin Seeks U.S.-Produced Minerals Amid New Sourcing Rules

Lockheed Martin Seeks U.S.-Produced Minerals Amid New Sourcing Rules

Lockheed Martin is actively pursuing supplies of critical minerals from North American producers in response to a new Executive Order by President Donald Trump. The order limits waivers for defense contractors to source minerals from foreign countries, aiming to strengthen domestic supply chains and reduce reliance on China. Lockheed is in talks to source scandium from NioCorp Developments and germanium from Teck Resources and 5N Plus. These minerals are essential for military electronics and other defense applications. The U.S. Geological Survey notes that the country imports more than half of its germanium needs, highlighting the importance of developing domestic sources.
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Idaho Strategic Resources Expands Rare Earth Exploration Amid U.S. Critical Minerals Push

Idaho Strategic Resources Expands Rare Earth Exploration Amid U.S. Critical Minerals Push

Idaho Strategic Resources Expands Rare Earth Exploration Amid U.S. Critical Minerals Push
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China Imposes Drone Export Restrictions in Response to U.S. Trade Policies

China Imposes Drone Export Restrictions in Response to U.S. Trade Policies

China has announced new restrictions on the export of drones and related technologies to the United States as a countermeasure to recent U.S. trade restrictions. The Chinese Ministry of Commerce stated that these actions are intended to safeguard national security and comply with international non-proliferation commitments. The restrictions include a ban on transactions with seven U.S. entities, which China accuses of supporting American sanctions on Xinjiang. This move follows the U.S. decision to expand its blacklist under the Uyghur Forced Labor Prevention Act, targeting over 40 Chinese companies.
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US Defense Department Cancels $300 Million Lithium Purchase Amid Supply Challenges

US Defense Department Cancels $300 Million Lithium Purchase Amid Supply Challenges

US Defense Department Cancels $300 Million Lithium Purchase Amid Supply Challenges
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Cirba Solutions Advocates for Strengthening U.S. Critical Mineral Supply Chains

Cirba Solutions Advocates for Strengthening U.S. Critical Mineral Supply Chains

Cirba Solutions Advocates for Strengthening U.S. Critical Mineral Supply Chains
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U.S. Companies Aim to Reduce Dependence on China for Critical Minerals in Defense

U.S. Companies Aim to Reduce Dependence on China for Critical Minerals in Defense

U.S. Companies Aim to Reduce Dependence on China for Critical Minerals in Defense