U.S. Backs Madagascar’s Rare Earths Project
The funding will support pilot plant operations, metallurgical testing and environmental studies, with larger U.S.-backed construction financing possible later.
- The International Development Finance Corporation committed up to $4.84 million to Harena Rare Earths for its Ampasindava project in northern Madagascar, aiming to reduce U.S. dependence on China for critical minerals.
- Beijing has repeatedly weaponized its rare earth dominance through export restrictions, as China controls nearly 70% of global mining and 90% of refined magnet processing, prompting Washington to accelerate alternative supply chain efforts.
- The Ampasindava ionic clay deposit expects to produce 4,000 metric tons of rare earth oxides annually, including 1,700 tons of high-value magnet elements. Harena executive chairman Ivan Murphy said the funding could unlock larger construction financing for the roughly $150 million project.
- A State Department spokesperson stated, "Madagascar fits within that strategy, and we see opportunities throughout the country to increase U.S. and U.S.-aligned investment in the critical mineral sector," countering what officials term "opaque, predatory investments from our adversaries."
- The administration has already backed projects in Mozambique and invested in the Lobito Corridor linking Angola, Zambia, and the Democratic Republic of the Congo, while Harena plans to begin production by mid-2028.
12 Articles
12 Articles
US backs Madagascar rare earths project
The US said it will back a rare earths project in Madagascar as part of its efforts to chip away at China’s dominance of the critical minerals sector across Africa. Washington’s Development Finance Corporation will commit up to $4.8 million to the Ampasindava project, paving the way for potential future funding. The site produces material used to make magnets that are essential for defense manufacturing, which the US is keen to secure.The Trump…
U.S. Backs Rare Earths in Madagascar to Break China’s Monopoly
The U.S. International Development Finance Corporation (DFC) is investing $4.84 million in a project to harvest rare earth minerals from Madagascar as part of a strategy to break Communist China’s near-monopoly on supplying minerals that are crucial for advanced electronics and electric vehicles (EVs). The post U.S. Backs Rare Earths in Madagascar to Break China’s Monopoly appeared first on Breitbart.
US presses China on Rare Earths ahead of Xis planned meeting with Trump - The Tribune
US officials held a video call with Chinese Vice Premier He Lifeng ahead of President Xi Jinping's planned September summit with Donald Trump. Washington urged Beijing to honour commitments on rare earth minerals and agricultural purchases, including USD 17 billion in farm goods through 2028.
U.S. authorities told China's Deputy Prime Minister, He Lifeng, on Thursday that they expect Beijing to meet its commitments on rare land and agricultural products, as stated by Treasury Secretary Scott Bessen, at a time when representatives from both countries are preparing President Xi Jinping's visit to the U.S. in September. Bessen said he spoke with He, in a conversation in which he also took part the U.S. Trade Representative (USTR), Jamie…
(Washington, Beijing = Yonhap News) Correspondents Hong Jeong-gyu and Jeong Seong-jo = Ahead of the summit scheduled to be held in Washington, D.C. in September, the economic leaders of the United States and China [discussed] pending issues between the two countries...
U.S. Backs Rare Earth Project in Madagascar to Counter China’s Dominance
U.S. Government Commits Funding to Madagascar Rare Earth Project The United States International Development Finance Corporation (DFC) has committed up to $4.84 million to Harena Rare Earths’ Ampasindava project in Madagascar, according to a statement from the London-listed developer. The funding will support pilot-plant work, laboratory testing, and environmental programs at the site. A U.S. […]
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