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Pentagon Reconsiders ReElement Technologies Loan as Rare-Earths Strategy Shifts

The Department of Defense is reassessing a conditional loan to rare-earths refiner ReElement Technologies. This decision potentially undermines efforts to reduce U.S. reliance on Chinese critical minerals processing. The Pentagon structured the financing to bolster domestic refining capacity and diminish China's grip on the rare-earths supply chain. The Pentagon's wavering commitment signals uncertainty over the company's viability and the broader strategy for supply-chain resilience. ReElement Technologies positioned itself as a key player in processing rare-earth elements for defense applications. The decision could reshape the competitive landscape for critical minerals refining in North America and force policymakers to reconsider alternative approaches to supply-chain resilience.