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Stock impact report

Trump's $8.5 Billion Effort to Secure a Rare Earths Supply Chain [Yahoo! Finance]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: Yahoo! Finance
In October, President Donald Trump and Australian Prime Minister Anthony Albanese met at the White House to sign an agreement for the strengthening of the critical minerals and rare earths supply chain, with $8.5 billion in projects outlined. Rare earths are critical minerals that are used in a variety of applications, including the production of magnets for weapons platforms, semiconductor manufacturing, robotics, and electric vehicles. Currently, China is the largest producer of rare earth metals, dominating the global supply chain. China holds around 70 percent of the world's rare earth metals , or 44 million metric tonnes of reserves, followed by Brazil with 21 million tonnes, India with 6.9 million tonnes, and Australia with 5.7 million tonnes. As an ally with the United States, Australia is well-positioned to develop its rare earths market, with financial support from the North American country to help counter Chinese dominance. Following the meeting, Albanese said there wou Show less Read more
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