Market reports that the Trump administration has increased funds from the CHIPS Act by at least $2 billion to support the key mining project, while enhancing the influence of Commerce Secretary Howard Lutnick on this strategic industry.

Reuters quoted an unnamed source as a report on the 21st that the U.S. government considered the funds originally allocated by the National Association for semiconductor research and chip factory construction, and turned to support the key mining project to avoid raising new expenditure requirements to the National Association. This is done to reduce the United States' dependence on China in terms of key minerals.

Enhanced Lutnik's influence on key mining financing actions will contribute to the government's unified actions. Sources revealed that since the Pentagon invested in rare earth MP Materials in July and caused doubts about the US government's mining strategy, Baigong officials began to seek centralized management of related industries.

According to reports, transferring some funds to provide mining planning is also consistent with the spirit of the chip method, because semiconductor industries require abundant supply of key minerals such as tin and tin, and China is reinforcing export controls of these metals.

It is not clear that the Trump administration hopes to sponsor miners through subsidies, or to exchange shares with this fund, but reports show that Lutnik plans to "distribute this $2 billion" as soon as possible.

Rare earth concept stocks went on the 21st. USA Rare Earth, a US rare earth and rare earth magnet supplier, and Lynas Rare Earth ADR, an Australian rare earth miner, rose 7.01% and 6.02% respectively.

Pigliary Mineral Concept Stocks also rose. Albemarle Corp. (simplified as ALB) and Chilean chemical miners (simplified as SQM) have scored 1.05% and 2.01% respectively.

Extended reading: The U.S. Department of Energy invests nearly $1 billion to strive for key mining autonomy The United States supports local rare earth materials companies, and the purchase price is more than twice the market price