President Trump says, when it comes to China, we've got a deal. After a meeting in South Korea between Presidents Trump and Xi, Trump says China committed to a one‑year agreement to maintain rare‑earth exports to the world, including the U.S. It's unclear if and when previously existing restrictions will be lifted.
This week mining and construction equipment manufacturer Caterpillar's shares soared with the company's engine business a standout performer thanks to a 31% increase in sales of power generators, mostly to AI data-center developers.
And the Trump administration yesterday announced a $1.5 billion loan for the development of a coal-powered fertilizer production plant in Indiana. Wabash Valley Resources is the recipient of the loan for its coal and ammonia facility, which will include the restart of a shuttered coal gasification plant which was idled in 2016. The Department of Energy said the fertilizer produced at the facility will be a "vital" resource for farmers who currently rely on imports.
