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flag USA introduces new pricing system for rare earth elements to challenge China's dominance and boost local production.

flag The U.S. is creating a new pricing system for rare earth elements to compete with China, which controls 90% of the global supply. flag This move aims to encourage domestic production and investment, crucial for technologies like electric vehicles and military equipment. flag The Department of Defense will support a guaranteed minimum price for MP Materials, potentially raising costs for consumers but boosting local producers.

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