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Following Trump's announcement of oil, gas, and mineral exploration in Greenland, the post highlights that the real strategic story is rare earth magnets — which China dominates at 94% of global production and which are essential for AI, robotics, and EV motors. Greenland's vast untapped rare earth reserves could offer a diversified alternative supply chain.
Solcoa Tech has secured $75 million in financing to build Solcoa One, its first commercial rare earth metallization plant.
A top Pentagon official contracted his personal lawyer, Alan Waldenberg, to handle a critical minerals deal with MP Materials, raising conflict-of-interest concerns due to Waldenberg's ties to Cerberus Capital Management.
Trump's visit to China highlights ongoing US-China tensions over AI chip exports, semiconductor supply chains, rare earth minerals, and EV manufacturing, with both nations maneuvering for technological and economic advantage.