The United States has seen a pivotal week in energy and mineral developments as the federal government makes aggressive moves to secure domestic supplies of critical materials. On July tenth, the United States Department of Defense announced a multibillion-dollar investment in MP Materials Corporation, becoming its largest shareholder and guaranteeing rare earth magnet prices for a decade at one hundred ten dollars per kilogram, twice the current rate from China. This strategic move aims to accelerate completion of MP’s new magnet factory in California and cut dependency on China, which currently dominates about ninety percent of global rare earth processing. The news triggered a nearly fifty percent surge in MP Materials’ stock, signaling a strong market response to the shift in U.S. industrial policy, according to Investor News. Similarly, American Tungsten’s revival in Idaho and a high-profile effort led by Ucore on the Gulf Coast reflect the broader campaign to rebuild America’s rare earth supply chain.
A milestone was marked on July eleventh as officials broke ground on the first new U.S. rare earth mine in seventy years, located in Manchester, Wyoming. Energy News Beat describes this initiative as a major step toward critical mineral independence. The project will process rare earths sourced from coal ash and waste carbon, leveraging more cost-effective methods. Secretary Chris Wright, present at the groundbreaking, highlighted this as evidence of renewed American resolve to control its own supply of vital energy minerals.
In energy infrastructure, the United States is set to reach record power consumption in both 2025 and 2026, pushed by growing residential, commercial, and industrial demand, reports the U.S. Energy Information Administration. Meanwhile, coal-fired power plant capacity is projected to drop from one hundred seventy-two gigawatts this spring to one hundred forty-five by the end of twenty twenty-eight, with most closures concentrated in the Midwest and Mid-Atlantic. California is particularly impacted, expecting to lose seventeen percent of its oil refinery capacity within a year due to planned shutdowns. This could drive volatility in West Coast fuel pricing.
Globally, the United States continues to increase exports of petroleum products and liquefied natural gas as international demand remains strong. However, President Trump’s recent announcement of a fifty percent tariff on copper imports effective August first triggered a rush by global traders to redirect copper shipments to China, intensifying market activity and causing a notable drop in Shanghai copper futures.
Outside the U.S., major news includes a strategic mining agreement between Ukraine and the United States, aimed at joint development of energy resources and rare minerals. With global competition for energy and minerals heating up, America’s recent actions signal a clear intent to bolster its position in both supply security and international market influence.
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