Major US steelmaker pivots to rare earth minerals as China tightens grip
1. Cleveland-Cliffs plans to boost domestic rare earth mineral production amid trade tensions. 2. Geological surveys in Michigan and Minnesota indicate viable rare earth mineral sites. 3. CEO Goncalves supports U.S. independence from foreign rare earth minerals. 4. Trump's administration threatens tariffs on China, impacting rare earth supply chains. 5. Cleveland-Cliffs aligns with national strategy for critical material independence.