US pledges $1.28 billion to bolster ASX rare earths sector
Published: 11:10 22 Mar 2024 AEDT
The United States government has earmarked $1.28 billion in support for ASX-listed rare earths companies, aiming to diversify the global supply chain and reduce dependence on China.
The US Export-Import Bank (US EXIM) has issued preliminary "letters of interest" to Meteoric Resources and Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF)(ASM), indicating potential future loans at concessional rates.
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US pledges $1.28 billion to bolster ASX rare earths sector...
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