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Major US steelmaker pivots to rare earth minerals as China tightens grip
Fox Business· 2025-10-21 03:01
A major U.S. steelmaker is looking to help kickstart domestic production of rare earth minerals amid China's move to block access amid its trade dispute with the Trump administration. Cleveland-Cliffs, a steelmaker headquartered in Ohio, announced the rare earths plan on the company's quarterly earnings call on Monday."Beyond steelmaking, the renewed importance of rare earths has driven us to re-focus on this potential opportunity at our upstream mining assets," said Cleveland-Cliffs' CEO Lourenco Goncalves ...