The Pentagon is funding a major domestic rare earth magnet factory–but beware hidden risks of its China exposure. Meanwhile, diesel prices surge, uranium may be entering a bull market, and Australia’s national manufacturing fund places its first bets. Plus: a Saudi-Israeli-American uranium deal.
US critical mineral capacity remains critically inadequate, China buys up Indonesia’s cobalt, and what are the prospects for made in USA uranium? Plus, US GDP grows, but pain under the surface, tech players crumble, and manufacturing stalls.