US Looks to Invest in Rare-Earth Magnet Maker in Race With China

The Commerce Department and Pentagon on Monday pledged financing and potential equity stakes in a domestic producer of rare-earth magnets that are at the center of an ongoing trade war...

By Joe Deaux, Maggie Eastland · Bloomberg Markets

The Commerce Department and Pentagon on Monday pledged financing and potential equity stakes in a domestic producer of rare-earth magnets that are at the center of an ongoing trade war with China, the world’s dominant supplier.