DFC Funds Rare Earth Projects in Africa

DFC funds rare earth projects in Africa

The US International Development Finance Corporation is stepping in to fund rare earths production in Africa as private investors remain reluctant to finance the sector, a key battleground in Washington’s competition with China. The US has been scrambling to diversify its import of rare earths — vital for tech and defense — the majority of which are produced in China. Beijing threatened to impose an export ban last year, sending a shudder across…

US steps in to fund African rare earths shunned by private money, sources say

Rare earths are essential for magnets used in electric vehicles, wind turbines and defence systems. Read more at straitstimes.com.

US steps in to fund African rare earths shunned by private money ...

US government pours $62.8M into African rare earth projects that private investors won't touch

The US investment in African rare earth projects could catalyze a shift in global supply chains, reducing reliance on dominant producers. The post US government pours $62.8M into African rare earth projects that private investors won’t touch appeared first on Crypto Briefing.