The United States Department of Defense has put a hiatus on the funding for two rare earth projects, one of which as per the official documents is linked to China.
- The decision from the Pentagon came in light as a backdrop against the United States President plan to resurface the domestic rare earth supply chain and reduce the dependency on China.
- On 22 April 2020, the ASX-listed Lynas Corp (ASX:LYC) and MP Materials- A U.S- based firm confirmed that they had received funding from the Pentagon; however, some minority stake of a Chinese firm in MP Materials has raised concern.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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