Trump Administration to Invest in Rare Earth Deal

The Trump Administration is planning to invest in a $1.6 billion deal with USA Rare Earth to get 10% of the company.

This is part of a bigger plan to increase the production of important minerals like lithium and rare earths in the United States.

USA Rare Earth is working with a financial company called Cantor Fitzgerald to help with raising money.

The chairman of USA Rare Earth is Brandon Lutnick, who is the son of the US Secretary of Commerce, Howard Lutnick.

A senior official from the Trump Administration mentioned earlier that they are planning more big deals with the US mining sector to help increase the output of these important minerals.