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President Donald Trump and Australian Prime Minister Anthony Albanese on Monday signed an agreement on rare earths and critical minerals as the two allies look to stabilize global supplies amid China's efforts to clamp down on its control over the market.Trump and Albanese met at the White House for their first summit and Trump said the deal was negotiated over the past four or five months ahead of the announcement. Albanese said […]

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 […]

An aluminum shortage is forcing a Michigan factory that produces certain Jeep vehicles, including its flagship luxury SUV, to temporarily halt production for several weeks. A United Auto Workers (UAW) source told FOX Business that a shift at the Warren Truck Assembly plant in Michigan is on temporary layoff due to an aluminum supply chain issue. The halt in production is impacting the production of Jeep's Wagoneer and Grand Wagoneer, the […]