US Takes Equity Stakes in Critical Minerals Companies Amid Trade War

The US government plans to take more equity stakes in critical minerals companies to counter China's dominance in raw materials used in products such as semiconductors and MRI machines. The Trump administration has spent over $1 billion to take stakes in companies like MP Materials Corp. and Vulcan Elements Inc., and has announced plans to acquire a stake in Lithium Americas Corp. The strategy aims to give the backing of the US and help the country catch up with China on essential materials.