Trump Likely To Invest In More Rare Earths, Bessent Says

Benzinga

Treasury Secretary Scott Bessent said the U.S. may expand government stakes in strategic industries after China’s rare earth curbs. The Trump administration already owns shares in MP Materials and others as part of a self-sufficiency push.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Trump administration may expand government stakes in private companies after China tightened its

00:06rare earth export controls. Treasury Secretary Scott Besson told CNBC on Wednesday, told CNBC

00:12the U.S. may buy stakes in additional strategic industries to strengthen self-sufficiency amid

00:17China's rare earth export limits. Besson said the Trump administration already holds stakes in MP

00:22materials, trilogy metals and lithium Americas, with more investments likely ahead. Besson also

00:27said the administration plans to impose price floors across sectors to counter China's

00:32market manipulation and ensure domestic stability. Jamie Morgan CEO Jamie Dimon announced a $1.5

00:38trillion initiative to invest in key industries, including critical minerals to bolster economic

00:43resilience. Shares of critical metals in USA Rare Earth fell on Wednesday after several

00:48days of gains. For all things money, visit Benzinga.com.

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