Trump to Meet Mining Executives to Secure Critical Mineral Supplies

MT Newswires Live08-07 18:34

U.S. President Trump will convene senior executives from major global miners at the State Department on Aug. 7 to secure supplies of critical minerals for the U.S. and its allies.

Reuters reported Washington urgently needs such minerals to replenish weapons stocks depleted during the Iran conflict. Expected participants include Rio Tinto, BHP, Freeport-McMoRan, MP Materials, Energy Fuels and Canadian metals firms.

Sources say the administration plans to announce several commercial deals and memorandums of understanding.

Rare earth stocks extend pre-market gains; MP Materials Corp. up over 8% at one point, USA Rare Earth Inc. and Energy Fuels gain over 7%, CRITICAL METALS CORPORATION rises over 6%.

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