The Trump administration says it's assembling a coalition of allies and partners to trade critical minerals and buffer Beijing's control of global supply chains.
"In the last few weeks, the United States has announced a framework for creating a club of nations to be able to trade, refine and process critical minerals," Interior Secretary Doug Burgum said Monday in Abu Dhabi.
And the Trump administration is once again taking direct stakes in critical mineral companies. The Commerce Department will receive a $50 million share of Vulcan Elements and the Pentagon an undisclosed amount of stock in Vulcan and ReElement Technologies as part of a $1.4 billion deal to help the companies produce rare earth magnets entirely in the United States.
And today is election day, with energy and electricity prices front in center on several ballots, including key races in Georgia, Virginia and New Jersey. The results could very well shape next year's midterm messaging. It's a development we'll be watching closely.
