The US government is taking a 10% equity stake in USA Rare Earth, the FT reports
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The US government plans to invest $1.6 billion in USA Rare Earth, acquiring a 10% equity stake and warrants at a 30% discount. This investment is part of a broader strategy to enhance control over critical mineral resources, including a previous 15% stake in MP Materials. The move has attracted private interest from institutions like JPMorgan, aiming to support strategic industries. Shares of USA Rare Earth rose 9% following the announcement, reflecting growing investor confidence in government-backed ventures in the rare earths sector.
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