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This week the Trump administration floated the idea of a “price floor” for U.S. rare earths, where the government would step in to buy rare earths if the market price fell too far. The hope is that this would assuage fears of Chinese dumping, allowing U.S. production to attract investment. And the rare earths purchased by the U.S. government could provide the foundation for a strategic reserve of the minerals that could be used in a shortage.

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