Pentagon doubts over rare earths deal provoke White House clash
Geopolitics · Mining.com ·
The Pentagon is weighing whether to scrap an $80 million conditional loan offer to rare-earths refiner ReElement Technologies Corp., triggering a clash with the White House. Officials have raised doubts about the company's ability to scale its technology and its long-term revenue forecasts, putting at risk a deal meant to break China's chokehold on critical minerals.