Trump’s Critical Minerals Policy Is A $6.5 Trillion Trap

President Donald Trump’s campaign to purge Chinese-linked critical minerals from federal supply chains is facing the U.S. industrial reality check. Federal contractors must stop purchasing specified rare earths, magnets, tungsten, molybdenum and tantalum from China, Russia, Iran and North Korea by January 1, 2027. Trump has sought to end the waiver system that long softened those restrictions, declaring in a May 11 …

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China’s rare earth reserves could be much larger than reported: leading geologist

But potential resources at massive Bayan Obo mine in Inner Mongolia do not automatically translate into economically recoverable reserves. The world’s largest known rare earth deposit in northern China could contain far more resources underground than currently reported, according to a leading Chinese geologist. Containing 100 million tonnes of rare earth reserves, the Bayan Obo mine in the Inner Mongolia autonomous …

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Citi maintains bullish copper price targets on supply pressure

Citi maintained on Monday its bullish copper price targets through the end of the year, citing tighter physical markets and supply pressure in China. The bank held its $14 500 per metric ton zero- to three-month target and its $15 000 per ton year-end target. Benchmark copper on the London Metal Exchange traded near $13 770 a ton in official rings MET/L. “While demand growth remains tepid, supply is …

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