We are laser-focused on bringing critical mineral and rare earth manufacturing back home, ensuring America’s supply chain is strong, secure and perfectly reliable.
Howard Lutnick
The Public Record
U.S. Secretary of Commerce in the Trump administration; longtime CEO of Cantor Fitzgerald.
Our investment in Vulcan Elements will accelerate U.S. production of rare earth magnets for American manufacturers.
So we’ll deliver the money which was already committed under the Biden administration. We’ll get equity in return for it, get a good return for the American taxpayer instead of just giving grants away.
Instead of just giving grants away under the CHIPS Act, Trump thinks the government should get benefits to the economics that we put out.
We should get an equity stake for our money, so we’ll deliver the money which was already committed under the Biden administration.
No extensions, no more grace periods. Aug. 1, the tariffs are set; they’ll go into place.
Basically, Americans will have control. Americans will own the technology. Americans will control the algorithm. That’s something Donald Trump is willing to do.