USA Rare Earth is receiving a surge in investment as America rushes to reduce its reliance on Chinese rare earth magnets
For Joshua Ballard, the US’ trade war against China has been a game-changer.
The CEO of USA Rare Earth – a company launched in 2019 with the goal of reviving America’s rare earth magnet supply chain – was having a hard time raising capital from Wall Street until a few months ago.
China has dominated the rare earths sector for decades, with its firms having a huge competitive advantage due to their lower costs and massive capacity, making the American company’s vision a tough sell to investors.
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