Just four months into his tenure at the Pentagon, private equity billionaire Steve Feinberg has landed his first big deal: a $400 million bet on the US’s only miner of rare-earth elements, a key commodity in the rivalry with China.

U.S. efforts to break China's dominance of the rare earths market and to drive investment in its own industry have moved up a gear with a Washington-backed plan to create a separate, higher pricing system.

The moves by Apple and the Pentagon are part of a broader U.S. push to nearshore rare earth supply chains. Earlier this year, President Trump proposed annexing Greenland, an autonomous Danish territory estimated to contain $4.4 trillion worth of rare earth reserves. Vice President JD Vance made a surprise visit in support of the plan.

USA Rare Earth's business plan shows potential and the stock has traded fairly well so far. Read why I'd sell USAR stock into any rallies.

In first half of 2025, exports reach US$6.7 million, which analysts view as sign of China’s bid to diversify access to strategic minerals.

USA Rare Earth, Inc. USAR +23.5% + Free Alerts is another U.S.-based company involved in the mining, processing and supply of rare earth elements and other critical minerals. Founded in 2019 and headquartered in Stillwater, Oklahoma, USARE is working to develop a vertically integrated domestic supply chain for rare earth element magnet production.

Researchers at The University of Texas at Arlington have discovered a surprising new type of magnetic property that could lead to stronger magnets made from tiny particles of common iron oxide. This finding could enhance the performance of everyday technologies while reducing the need for rare-earth metals—materials that are more costly,