China controls 90% of rare-earth processing — now a $204 million US investment in France aims to change that Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Investors worried about inflation, government debt, geopolitical tensions and market volatility have piled into gold, helping push prices to near-record highs (1)
But while gold dominates the headlines, another corner of the commodity market is quietly becoming a strategic priority for governments around the world. On June 1, USA Rare Earth [NASDAQ:USAR] announced plans to invest more than 175 million euros — about $204 million (2) — in France by 2030 to expand its rare-earth metals, alloys and magnet manufacturing operations. Top Picks – – The IRS usually taxes gold as a collectible — but this little-known strategy lets you hold physical bullion tax-free.
Get your free guide from Priority Gold – Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s how to fix it ASAP The investment aligns with efforts by the U.S. government to build supply chains outside of China and secure access to materials considered critical to national security and advanced manufacturing. The project could create more than 300 jobs and may receive support from the French government. The announcement underscores how countries aren’t just competing for oil anymore.