US plans to increase equity stakes in critical minerals companies to rival China's rare earth dominance. Important for tech materials.

A White House official revealed the U.S. government's intention to increase its ownership stakes in critical minerals companies. Previously uncommon, this move is deemed necessary to challenge China's stronghold on rare earth materials supply crucial for high-tech products like semiconductors and EV batteries. The stock of USAR is currently in motion. Critical minerals are vital for various items like industrial magnets, batteries, defense systems, including missile guidance and radar, and clean energy technologies. The Executive Director of the National Energy Dominance Council, Jarrod Agen, shared insights into this government strategy. For more details, visit Benzinga.com.