Phoenix Tailings receives $500 million to boost rare-earth production, Tracy Shuchart reveals

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Phoenix Tailings receives $500 million to boost rare-earth production, Tracy Shuchart reveals — Phoenix Tailings gets $500 million Pentagon loan

Tracy Shuchart, independent trader and strategist at Independent / Trader, reports that rare-earth refiner Phoenix Tailings Inc. has received a conditional $500 million loan from the U.S. Pentagon.

This loan represents the latest White House-backed deal aimed at increasing domestic production of rare-earth elements in the U.S.

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Shuchart has covered major industry developments in recent months. Earlier this year, she reported that CME Group will introduce 24/7 trading for crude and gold contracts this summer. She has also highlighted market anticipation ahead of Warsh's first FOMC meeting set for June 17.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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