How does this proposal differ from previous US mineral strategies?
This approach represents a more direct government investment model than previous strategies, which typically focused on regulatory changes, tax incentives, or research funding rather than equity investments in mining companies.
Former DOE official Daniel Yergin has described the fund as "a necessary departure from market orthodoxy" in response to supply chain vulnerabilities.
Previous administrations avoided direct ownership stakes in mining operations, preferring to incentivize private investment through regulatory changes.
The sovereign wealth approach represents a fundamental shift toward state-directed investment in strategic sectors, more closely resembling industrial policies in East Asian economies.
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