Trump Administration Said to Expand Price Support for U.S. Rare-Earth Producers

The Trump administration plans to broaden a federal price-support program for domestic rare-earth producers, according to Reuters reports citing unnamed sources familiar with the strategy. The initiative, first applied to MP Materials Corp., will be extended to additional U.S. companies extracting and processing rare-earth elements, the sources said. Rare earths are critical inputs for defense systems, electric vehicles and consumer electronics, and Washington has sought to reduce reliance on Chinese supply chains. Details on the scale, timeline and qualifying firms have not been disclosed, but industry shares moved higher following the report as investors anticipated wider government backing.