In a significant move to bolster domestic production of critical minerals,the U.S. government has announced plans to inject $1.6 billion into USA Rare Earth, a company based in Oklahoma. This investment comes as part of the broader strategy to enhance supply chain resilience and reduce dependence on foreign sources for rare earth elements, which are essential for a variety of high-tech applications, including renewable energy technologies and advanced electronics.The funding aims to support USA Rare Earth in expanding its operations and scaling up the production of these vital materials, positioning the company as a key player in the nation’s efforts to secure its resource needs. As the demand for rare earths continues to rise, the implications of this investment could ripple through both the local economy and the global market for critical minerals.
US Government Investment Promises Growth for Oklahoma’s USA Rare Earth
The recently approved federal funding is set to play a…
Source link : https://usa-news.biz/2026/01/26/business/us-to-invest-1-6-billion-in-oklahoma-based-usa-rare-earth-boosting-domestic-supply/
Author : Atticus Reed
Publish date : 2026-01-26 10:57:00
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