Message source: The United States abandons the policy of setting a minimum price for critical minerals.
Multiple sources revealed that the Trump administration is abandoning plans to set minimum price guarantees for key mineral projects in the United States. This move is a default response to the lack of congressional funding support and the complexity of market pricing mechanisms. The U.S. Senate committee is currently reviewing the price floor policy given to MP Materials company last year. This policy shift contradicts the government's previous commitments to the industry. It may lead to a distance between the United States and its G7 allies, who are exploring joint price support or related measures to boost the production of key minerals needed for electric vehicles, semiconductors, defense systems, and consumer electronics. Three participants revealed that a Washington think tank held a closed-door meeting this month. Two senior Trump administration officials informed American mining company executives at the meeting that the projects must demonstrate their financial independence without government price support. MP Materials company issued a statement saying that the content of its contract with the government and the related obligations of the government have not changed. The statement also pointed out, "Any implication that the U.S. government is reneging on its commitments to MP Materials company is false information."
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