New $5 Billion Fund to Bolster U.S. Mineral Security ...Middle East

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New $5 Billion Fund to Bolster U.S. Mineral Security
source : OILPRICE ( Middle East ) () 101
The US is weighing the creation of a $5 billion mining investment fund, which would mark its largest step yet into direct dealmaking to secure critical minerals, according to a Bloomberg report out this morning. As a result, shares of rare earth companies MP Materials and USAR are both surging higher on the news... Ironically, the amount proposed is about half of what we suggested earlier this summer... Bloomberg writes that the US International Development Finance Corp. (DFC) is in talks with New York–based Orion Resource Partners to form…

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