Trump's Takeover of Canadian Rare Earths Miners Raises Concerns
The Trump administration has invested in companies like Trilogy Metals, MP Materials, and Lithium Americas, raising concerns about the US's involvement in critical minerals.
Recently, iron ore prices and US steel prices have seen fluctuations, while copper futures have surged.
Alex Kimani, a finance writer, notes that the US stock market plunged after President Donald Trump threatened to increase tariffs on Chinese products due to China's control of the rare earths market.
President Donald Trump threatened to impose a massive increase of tariffs on Chinese products.
China has increased export controls for five more rare-earth metals, bringing the total number of critical minerals under export control to 12.
Author's summary: Trump's administration invests in critical minerals companies.