White House And Pentagon Clash Over $80M ReElement Critical Minerals Deal

White House And Pentagon Clash Over $80M ReElement Critical Minerals Deal The Pentagon is reconsidering an $80 million conditional loan to rare-earths refiner ReElement Technologies, raising tensions with the White House over efforts to reduce US reliance on China for critical minerals, according to Bloomberg. The loan, announced in November through the Pentagon’s Office of Strategic Capital (OSC), was part of a broader $1.4 billion critical-minerals initiative alongside Vulcan Elements. But officials reviewing the deal have questioned ReElement’s ability to scale production and meet long-term revenue targets, according to people familiar...