The TRACE-Ga program is the latest effort to bolster domestic supply chains of critical minerals.
Higher jewelry and investment demand, as well as mining disruptions, offset a decline in the glass and automotive sectors.
The Asian country is rich in mineral resources, but the sector remains underdeveloped so far.
This week, significant moves in the critical minerals sector highlighted both recycling and expansion efforts worldwide.
U.S. subsidiary to construct a 3,000-ton-per-year plant, which would rank among the largest in the country.
The Carina heavy rare earths project is one of two ventures the mining company is developing in South America.