US rare earth mineral plant reduces reliance on China

Name: US rare earth mineral plant reduces reliance on China
Uploaded: 2025-11-07T16:56:55Z
Duration: 54 s

Varney & Company · FBN · Nov 7, 2025 · 54s

Sign Up Now

Already a subscriber?

Fox Business correspondent Edward Lawrence reports live from Sumter, South Carolina, detailing the significance of a new US rare earth mineral magnet manufacturing plant. He displays one of the first magnets produced outside China in 25 years, highlighting a crucial step towards reducing the United States' dependence on China for these critical materials. Treasury Secretary Scott Bessent affirms the commitment to ending China's dominance in this sector.