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Stock impact report

Will the US' onshoring strategy remove China's chokehold on REEs? [Yahoo! Finance]

MP Materials Corp. (MP) 
Company Research Source: Yahoo! Finance
heavily in trade relations during the first year of Donald Trumps' second term as US president. Soon after he was sworn in last January, the minerals, which are crucial to the US economy and defence, but of which roughly 70% is mined and 90% processed in China, took centre stage in an ongoing trade war between the countries, ultimately restricting the US' access to its supply and related technology. While experts and industry have been raising the alarm about the US'– and more broadly, the West's – overreliance on China's REEs for decades, last year's developments appeared to spur renewed vigour in the US government's intentions to counter China's dominance of the market. In a surprise move in July 2025, the Trump administration became the largest shareholder of the US' only active REE miner, MP Materials, announced $134m in funds for domestic projects and began bolstering supply chains by securing access through partners in Australia, Japan, Malaysia and Thailand. The moves a Show less Read more
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