The industrial conglomerate has selected a candidate site in Virginia and is now reviewing the feasibility of the project.
The U.S. military may soon begin producing critical raw materials for its own needs.
Bloc seeks to protect key industries, including the critical raw materials sector.
Joint backing from the United States and Australia follows newly concluded critical minerals partnership.
This week, global moves to secure and regulate critical minerals dominated the headlines.
The Southeast Asian country holds one of the largest reserves of rare earths in the world.
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