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US faces new pressure to build weapons without China's rare earth magnets
The U.S. is accelerating efforts to reduce reliance on China for rare earth minerals critical to defense systems, with Phoenix Tailings in New Hampshire working to extract elements like neodymium and dysprosium from mining waste. A $500 million Pentagon loan aims to expand the company's production capacity, addressing urgent military needs amid the Middle East war depleting munitions stocks.
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- US faces new pressure to build weapons without China's rare earth magnets
- Pain or gain? US moves to decouple its defence industry from China’s rare earths
- US, China ramp up mineral investments
- Pentagon works with U.S. rare earths company to counter China's dominance
- Pentagon inks pair of rare earth mineral loans for $1.2 billion