China controls 90% of rare-earth processing — now a $204 million US investment in France aims to change that
Key takeaways
- Investors worried about inflation, government debt, geopolitical tensions and market volatility have piled into gold, helping push prices to near-record highs (1).
- On June 1, USA Rare Earth [NASDAQ:USAR] announced plans to invest more than 175 million euros — about $204 million (2) — in France by 2030 to expand its rare-earth metals, alloys and magnet manufacturing operations.
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China controls 90% of rare-earth processing — now a $204 million US investment in France aims to change that Joe Raedle/Getty Images Aditi Ganguly Fri, June 12, 2026 at 11:05 PM GMT+7 9 min read GC=F USAR Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Investors worried about inflation, government debt, geopolitical tensions and market volatility have piled into gold, helping push prices to near-record highs (1). But while gold dominates the headlines, another corner of the commodity market is quietly becoming a strategic priority for governments around the world.
On June 1, USA Rare Earth [NASDAQ:USAR] announced plans to invest more than 175 million euros — about $204 million (2) — in France by 2030 to expand its rare-earth metals, alloys and magnet manufacturing operations.