<div id="readability-page-1">Federal funding boost: MP Materials and USA Rare Earth have secured major U.S. government backing to expand domestic rare earth mining and processing. Strategic supply shift: The investments aim to reduce U.S. dependence on China, which controls about 90% of global rare earth processing. Diverging strengths: MP Materials has operational capacity and contracts in place, while USA Rare Earth is building out facilities with federal funds.</div>

USARW

USAR

<p>MP Materials and USA Rare Earth have secured major U.S. government funding to expand domestic rare earth mining and processing. This strategic initiative aims to reduce American dependence on China, which currently controls approximately 90% of global rare earth processing. MP Materials leverages existing operational capacity and contracts, while USA Rare Earth is utilizing federal funds to build out new facilities.</p>

USA Rare Earth - CW300313

MP Materials, USA Rare Earth gain US backing in supply chain push