U.S. production of crucial components in electric vehicles, smartphones and fighter jets is set to expand rapidly in the coming years, as the Trump administration intensifies efforts to build up the critical mineral industry in the United States to work to break the chokehold that China has on the global supply chain.
The federal government is pumping hundreds of millions of dollars into American companies, has made an agreement with one firm to set a minimum price for some U.S.-produced critical minerals, and has launched an investigation into foreign-made supplies.
