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Israeli Prime Minister Benjamin Netanyahu lauded President Donald Trump’s leadership when asked who should take credit for the ceasefire deal reached in the waning days of the Biden administration.

‘Prime Minister Netanyahu, we’ve heard Joe Biden and Donald Trump take credit for the hostage and ceasefire deal. Who do you think deserves more credit?’ Fox News’ Peter Doocy asked Netanyahu as he joined Trump in the Oval Office on Tuesday. 

‘I think President Trump had a great force and powerful leadership to this effort. I appreciate it,’ Netanyahu responded. ‘He sent a very good emissary. He’s helped a lot. And, you know, I’ll just tell you, I’m happy that they’re here. And I’m sure the president is happy that they’re here. And I would think that’s about enough.’ 

Israel and Hamas reached a ceasefire deal Jan. 15, just days before Biden exited the White House, and Trump entered it, on Jan. 20. The ceasefire followed a meeting between Trump’s then-incoming Middle East envoy, Steve Witkoff, and Netanyahu. 

Credit for the ceasefire was claimed by both Biden and Trump, with the 46th president taking a victory lap for the achievement in the opening remarks of his farewell address to the nation. 

‘After eight months of nonstop negotiation, my administration — by my administration — a cease-fire and hostage deal has been reached by Israel and Hamas, the elements of which I laid out in great detail in May of this year,’ Biden said in his farewell address. 

‘This plan was developed and negotiated by my team and will be largely implemented by the incoming administration. That’s why I told my team to keep the incoming administration fully informed, because that’s how it should be, working together as Americans.’ 

At another point of Tuesday’s joint press conference, Netanyahu argued that chances of peace in the Middle East increase when he and Trump — and Israel and the U.S. overall — work side by side. 

‘When Israel and the United States work together, and President Trump and I work together, you know, the chances go up a lot [to reach the second phase of the ceasefire deal],’ he said. ‘It’s when we don’t work together, when Israel and the United States don’t work together, that creates problems. When the other side sees daylight between us, and occasionally in the last few years … then it’s more difficult.’ 

Trump invited Netanyahu to the White House to discuss the ceasefire deal’s future, and Iran’s grip in the Middle East and resettling Gaza residents in other nations.

Iran has been at the forefront of Hamas’ war on Israel, assisting in funding the effort. Trump said during the press conference that war would not have broken out if he had been president back on Oct. 7, 2023 — citing that Iran was financially hobbled under his first administration. 

‘Iran was in big trouble when I left. They were broke,’ Trump said. ‘They didn’t have money for Hamas. They didn’t have any money for Hezbollah. You had no problem. October 7th could have never happened when I left.’ 

Netanyahu vowed during the press conference that he would bring home the remaining hostages in Hamas captivity, while adding that ‘Hamas is not going to be in Gaza’ much longer. 

Trump added that Gaza is too dangerous for even the soldiers currently on the ground. 

‘It’s too dangerous for people. Nobody wants to be there,’ he said. ‘Warriors don’t want to be there. Soldiers don’t want to be there. How can you have people go back? You’re saying go back into Gaza now? The same thing’s going to happen.’ 

‘It’ll only be death,’ he said. 

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Tesla and Space X CEO Elon Musk’s DOGE efforts to slash government waste and streamline the federal bureaucracy include the hiring of several up-and-coming young software engineers tasked with ‘modernizing federal technology and software to maximize governmental efficiency and productivity.’ 

Six young men between the ages of 19 and 24 — Akash Bobba, Edward Coristine, Luke Farritor, Gautier Cole Killian, Gavin Kliger and Ethan Shaotran — have taken up various roles furthering the DOGE agenda, according to a report from Wired.

Bobba was part of the highly regarded Management, Entrepreneurship, and Technology program at UC Berkeley and has held internships at the Bridgewater Associates hedge fund, Meta and Palantir.

‘Let me tell you something about Akash,’ Grata AI CEO Charis Zhang posted on X about Bobba in recent days. ‘During a project at Berkeley, I accidentally deleted our entire codebase 2 days before the deadline. I panicked. Akash just stared at the screen, shrugged, and rewrote everything from scratch in one night — better than before. We submitted early and got first in the class. Many such stories. I trust him with everything I own.’

Coristine, a recent high school graduate who studied mechanical engineering and physics at Northwestern, previously worked for Musk’s Neuralink project, Wired reported.

Bobba and Costine reportedly work directly under Anna Scales as ‘experts’ at the United States Office of Personnel Management (OPM). 

Kliger is listed on LinkedIn as a special advisor to the director of OPM and attended UC Berkeley in 2020. Kliger has also worked at the AI company Databricks. Kliger’s substack contains a post, ‘The Curious Case of Matt Gaetz: How the Deep State Destroys Its Enemies,’ as well as another titled ‘Pete Hegseth as Secretary of Defense: The Warrior Washington Fears.’

Another post on the substack is headlined, ‘Why I gave up a seven-figure salary to save America.’

Killian is listed as a volunteer for DOGE who attended McGill University after graduating from high school in 2019. Wired reported that Killian previously worked as an engineer at a company called Jump Trading that deals with high-frequency financial trades and algorithms.

Shaotran was studying computer science at Harvard University last year and is the founder of Energize AI, an OpenAI-backed startup. Additionally, Shaotran participated in a ‘hackathon’ sponsored by an Elon Musk company where he finished in second place. 

Farritor, who dropped out of the University of Nebraska-Lincoln, has a working GSA email address, was previously an intern for SpaceX and is also a Thiel fellow. 

In 2023, at 21years old, Farritor became the first person to successfully decode text inside a 2,000-year-old Greek scroll using AI, according to the University of Nebraska website.

According to Wired, Bobba, Coristine, Farritor and Shaotran have working GSA emails along with A-suite level clearance that allows them to work on the top floor at GSA with access to all IT systems. 

Fox News Digital reached out to OPM and GSA for comment. 

Speaking to Fox News’ Peter Doocy in the Oval Office Tuesday, President Donald Trump praised the intelligence of some of the young hires working for DOGE.

‘That’s good,’ Trump said of the hires as young as 19. ‘They’re very smart, though, Peter. They’re like you. They’re very smart people.

‘No, I haven’t seen them,’ Trump said when asked if he had met the team. ‘They work, actually, out of the White House as smart people, unlike what they do in the control towers. We need smart people. We should use some of them in the control towers, where we were putting people that were actually intellectually deficient. That was one of the qualifications is you could be intellectually deficient.

‘No. We need smart people. Some are young and some are not young. Some are not young at all. But they found great things. Look at the list of things. I’ll … maybe I’ll do it tomorrow. I’ll read off a list of 15 or 20 things that they found inside of the USAID. It has to be corrupt.’

Elon Musk has also publicly posted online about the qualifications he is looking for and the strength of his team. 

‘If you’re a hardcore software engineer and want to build the everything app, please join us by sending your best work to code@x.com,’ Musk posted on X in January. ‘We don’t care where you went to school or even whether you went to school or what ‘big name’ company you worked at. Just show us your code.’

In another X post this week, Musk wrote, ‘Time to confess: Media reports saying that @DOGE has some of world’s best software engineers are in fact true.’

Wired cited sources who raised concerns about Musk’s team’s clearance, and Democrats in Congress have been railing against DOGE in recent days, arguing that DOGE has received improper access to various government systems. 

Musk has pushed back on the criticism from Democrats, including allegations about DOGE’s involvement in treasury payment oversight. 

‘The @DOGE team discovered, among other things, that payment approval officers at Treasury were instructed always to approve payments, even to known fraudulent or terrorist groups. They literally never denied a payment in their entire career. Not even once,’ Musk, the chair of DOGE, posted early Saturday morning to X. 

Musk also responded to Democratic critics, including those upset about his efforts to push reforms at USAID, saying the ‘hysterical reactions’ demonstrate the importance of DOGE’s work.

‘An unelected shadow government is conducting a hostile takeover of the federal government,’ a post on Democratic New York Sen. Chuck Schumer’s X account states, echoing remarks the lawmaker made during a press conference. 

‘DOGE is not a real government agency. DOGE has no authority to make spending decisions. DOGE has no authority to shut programs down or to ignore federal law. DOGE’s conduct cannot be allowed to stand. Congress must take action to restore the rule of law.’

Musk described the effort to slash government waste and bureaucracy as a one-time opportunity.

‘Hysterical reactions like this is how you know that @DOGE is doing work that really matters,’ he wrote in response to Schumer. 

‘This is the one shot the American people have to defeat BUREAUcracy, rule of the bureaucrats, and restore DEMOcracy, rule of the people. We’re never going to get another chance like this. It’s now or never. Your support is crucial to the success of the revolution of the people.’

Since its creation last month, DOGE’s X account has provided updates on its work to cut government spending, including an announcement last week that it had cut more than $1 billion from federal spending through now-defunct diversity, equity and inclusion initiatives and personnel. 

‘DOGE is fulfilling President Trump’s commitment to making government more accountable, efficient and, most importantly, restoring proper stewardship of the American taxpayer’s hard-earned dollars,’ a White House spokesperson told Fox News Digital. 

‘Those leading this mission with Elon Musk are doing so in full compliance with federal law, appropriate security clearances and as employees of the relevant agencies, not as outside advisors or entities. The ongoing operations of DOGE may be seen as disruptive by those entrenched in the federal bureaucracy, who resist change. While change can be uncomfortable, it is necessary and aligns with the mandate supported by more than 77 million American voters.’

Fox News Digital’s Emma Colton and Alex Nitzberg contributed to this report

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The most consequential meeting of the 20th Century may have been in December 1941, when British Prime Minister Winston Churchill sailed to Washington to plan the strategy for fighting and winning World War II. Israeli Prime Minister Benjamin Netanyahu’s huddle with President Donald Trump might be the defining get-together of the 21st Century.  

That may seem hyperbolic, but consider what this is. The two most important leaders who can shape the future of the Middle East are deciding how to get the region back on the path to peace and prosperity — cleaning up after President Joe Biden’s policies wrecked the stability of the region like a blind man driving a Ferrari on a mountain road at top speed. 

Much has been said of the opposition in the governing coalition to Netanyahu moving to a ceasefire in Gaza. Some have threatened to topple his government for continuing the effort to pound Hamas into the dust after the brutal and unjustified October 7 attacks. But if Netanyahu returns with a Trump-backed plan on the way forward (and the odds are he will), what are the odds that the coalition will think they can just walk away from that and be better off? 

After all, Trump is on a tear. He is immensely popular at home. He just cleaned his own back yard, scaring Panama, Venezuela, Mexico and Canada straight. Trump has sent every signal save maybe a flare gun to show he completely has Israel’s back with all the weapons support and diplomatic cover the country needs to defend itself. 

Further, while all the Trump team is not on board, there are plenty of key players to help execute a proactive Middle East policy, including a gung-ho secretary of Defense, a strong secretary of State, an ace for a CIA director and a small platoon of special envoys. Trump’s Middle East team is stacked better than the lineup for the Super Bowl. 

By the time Netanyahu leaves February 8, we may not know every detail of the joint U.S. -Israeli campaign, but we can guess the to-do list — much like the world saw after the FDR-Churchill Arcadia Conference (December 24, 1941, to January 14, 1942). 

Trump and Netanyahu will have to settle on a pacification plan for Gaza, one that won’t include past mistakes like funneling money to UNRWA to fund the next generation of Jew killers. 

Topping the list will also be putting Iran back into a box so small it will be catastrophic for the mullahs. 

Israeli hostages paraded through mob in Gaza amid release deal

Also, high on the agenda is getting the Abraham Accords back on track and jumping starting important regional projects like India-Middle East-Europe Economic Corridor (IMEC). 

Farther down the line but also needing to be resolved are reconciling Israeli and Turkish vital interests in Syria and a practical future for Lebanon not occupied by Hezbollah. 

Putting together these pieces of the Middle East puzzle will have massive implications far beyond the region. For starters, this agenda will fully marginalize China’s misanthropic efforts to muscle in as a Middle East power. Russian influence in the region will virtually evaporate. Transnational terrorism will lose another foothold. The Middle East will become an even more important strategic bridge between the transatlantic community and the Indo-Pacific. 

This might all seem too daunting a list of accomplishments from one little meeting, but in December 1941, few thought a meeting between an American that just got hammered at Pearl Harbor and a Britain tottering on invasion would lead the free world to victory. History could well be repeating itself. 

 

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Democrats are warning that Americans will face higher costs and end up paying the price for new tariffs President Donald Trump is imposing against Mexico, Canada and China. 

The White House announced Friday that in response to an ‘invasion of illegal fentanyl’ to the U.S., it would impose a 25% tariff on all goods entering the United States from Mexico and Canada, a 10% tariff on Canadian energy and a 10% tariff on all goods entering the U.S. from China. 

Tariffs against China went into effect Tuesday, although Trump agreed to push back tariffs against Mexico and Canada by at least one month after discussions with each respective country about securing the border.

While Trump acknowledged Friday the tariffs might result in ‘temporary, short-term disruption,’ Democrats claim American taxpayers will end up hurting and paying the price. 

According to one Washington think tank, the nonpartisan Peterson Institute for International Economics, these rounds of tariffs are expected to cost U.S. households roughly $1,200 a year annually. 

As a result, Senate Minority Leader Chuck Schumer, D-N.Y., took a jab at Trump and mocked the president’s coined expression about a ‘golden age’ of economic prosperity. 

‘President Trump kickstarted a golden age of higher costs for American families with his 25% tariffs on Canada and Mexico,’ Schumer said Monday on the Senate floor. ‘Two of our four biggest trading partners by issuing his tariffs. Donald Trump is yet again rigging the game for his billionaire friends, while doing nothing to lower costs for American families.’

‘The Trump tariffs will make gas prices go up, and we should not listen at all to Donald Trump when he says it’s about stopping fentanyl,’ Schumer said. ‘That’s nonsense. There are other ways to stop fentanyl without making inflation worse and raising costs on the American family.’

Additionally, Sens. Chris Coons, D-Del., and Tim Kaine, D-Va., introduced legislation Thursday that would increase legislative branch oversight before imposing new tariffs. Specifically, the legislation would require the president to brief Congress on tariff proposals and impacts on the U.S. economy and foreign policy interests.

The measure, known as the Stopping Tariffs on Allies and Bolstering Legislative Exercise of (STABLE) Trade Policy Act, also would require approval from Congress before executing any new tariffs on U.S. allies or other free trade agreement partners. 

Coons warned that the American people would pay the price for the tariffs, which he labeled the ‘largest tax increase’ on Americans in a long time. Coons also cautioned that imposing tariffs on Mexico and Canada would turn them into ‘nervous neighbors’ and could jeopardize relationships with allies. 

‘China, Mexico, and Canada are our three largest trading partners,’ Coons said in a statement Friday. ‘It’s the largest tax increase on working Americans in a long time, and it will cost them thousands of dollars every year. President Trump is making America expensive again.’ 

Experts have warned that the costs of foods like avocados, dairy and certain meats could go up as a result of the tariffs. For example, Kelly Beaton, the chief content officer at The Food Institute, noted that the U.S. receives a large portion of hog and beef imports from Canada. These tariffs ‘will undoubtedly’ lead to higher import costs, and, ultimately, higher beef and pork prices for American consumers, she said, Fox Business reports. 

Likewise, Democratic Reps. Suzan DelBene, D-Wash., and Don Beyer, D-Va., also introduced legislation in January that would block Trump from using emergency powers to implement tariffs, amid concerns that American consumers would end up footing the bill.

‘Not only would widespread tariffs drive up costs at home and likely send our economy into recession, but they would likely lead to significant retaliation, hurting American workers, farmers, and businesses,’ DelBene said in a statement on Jan. 15. 

In response to Americans absorbing costs from the tariffs, Trump said in a post Sunday on Truth Social: ‘WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!). BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.’

While Sen. Mitch McConnell, R-Ky., told NBC News’ ’60 Minutes’ he predicted tariffs would drive up consumer costs, other Republicans like Sen. Lindsey Graham, R-S.C. told Fox News Sunday that the tariffs are designed to ‘get these countries to change their behavior.’

The tariffs were being imposed due to an ‘unprecedented invasion of illegal fentanyl that is killing American citizens,’ White House press secretary Karoline Leavitt said Friday.  

 

Trump and Mexican President Claudia Sheinbaum spoke on Monday, resulting in the postponement of the tariffs against Mexico for one month. Additionally, Sheinbaum promised to dispatch 10,000 troops to the U.S.–Mexico border. 

Likewise, Canadian Prime Minister Justin Trudeau unveiled plans for a $1.3 billion border plan, requiring reinforcements at the border with ‘new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl.’

‘Nearly 10,000 frontline personnel are and will be working on protecting the border,’ Trudeau said in a social media post on X on Monday. 

While Trudeau initially unveiled plans for Canada’s own 25% tariffs on up to $155 billion in U.S. imports on items such as fruit and alcohol. But Trudeau said Sunday the tariffs were on pause for at least 30 more days amid negotiations with the U.S. 

Trudeau also said that ‘we will list cartels as terrorists, ensure 24/7 eyes on the border, launch a Canada- U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering.’ 

Fox News’ Brooke Singman and Daniella Genovese contributed to this report. 

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The outlook for rare earths is supported by strong supply and demand fundamentals as the world heads into a new economic era with a focus on clean energy and technological advancements.

But with supply chain worries rising, it’s worth looking at which countries have the highest rare earths reserves. Many of the world’s major rare earths producers have large reserves, but some countries with high reserves have low output.

Case in point — mines in Brazil produced only 80 metric tons (MT) of rare earth elements in 2023, but Brazil’s rare earths reserves are tied for third highest in the world. Countries like this could become bigger players in the space in the future.

Top rare earths reserves by country

Here’s an overview of rare earths reserves by country, with a focus on the eight countries whose reserves are over 1 million MT. Data is taken from the US Geological Survey’s latest report on rare earth elements.

Reserves information is unavailable for a few rare earths producers, including Myanmar, which took the third spot for rare earths production last year.

1. China

Reserves: 44 million MT

Unsurprisingly, China has the highest reserves of rare earth minerals at 44 million MT. The country was also the world’s leading rare earths producer in 2023 by a long shot, putting out 240,000 MT.

Despite its top position, China remains focused on ensuring that its rare earths reserves remain elevated. Back in 2012, the Asian nation declared that its reserves of these materials were declining; it then announced in 2016 that it would raise domestic reserves by establishing both commercial and national stockpiles.

The country has also been reining in illicit rare earths mining for a number of years, shutting illegal or environmentally non-compliant rare earths mines and limiting production and exports. These production limits have been easing, and last year the country raised mining quotas by more than 8 percent over 2022 in its sixth consecutive increase.

China’s dominance in both rare earth elements production and reserves has caused problems in the past. Rare earths prices surged when the country cut exports in 2010, resulting in an ongoing rush to secure supply elsewhere.

In recent years, China has begun importing more heavy rare earths from Myanmar, for which the US Geological Survey does not have rare earths reserves data. While China has stricter environmental regulations, the same cannot be said for Myanmar, and the mountains along its border with China have been heavily damaged by rare earths mining.

Rare earths prices soared to their highest level in 20 months, according to OilPrice.com, in early Q3 2023; this jump coincided with a temporary production halt in Myanmar, which accounted for 38 percent of China’s rare earth materials imports in the first seven months of 2023.

2. Vietnam

Reserves: 22 million MT

Vietnam’s rare earths reserves stand at 22 million MT. It reportedly hosts several deposits with rare earths concentrations against its northwestern border with China, and along its eastern coastline. The majority of rare earths in the country can be found in primary ore deposits, with a smaller amount located in coastal placer deposits. While this potential was previously untapped, that has now changed as the country looks to become an alternative to China.

Vietnam’s rare earths production was minuscule in 2022 at 1,200 MT, but it was even less in 2023 at 600 MT. Vietnam is the only country outside of China to have a vertically integrated rare earths magnet supply chain, according to Reuters, and it has attracted interest from companies in a variety of sectors.

The country’s goal is to produce 2.02 million MT of rare earths by 2030. However, the arrests of six rare earths executives, including the chairman of Vietnam Rare Earth (VTRE), in October 2023 may put a kink in those plans. ‘VTRE’s chairman, Luu Anh Tuan, was accused of forging value-added-tax receipts in trading rare earths,’ reported Asia Financial.

3. Brazil

Reserves: 21 million MT

Although Brazil has the third largest rare earths reserves, the nation was not a major producer of rare earths in 2023, with production flat at a tiny 80 MT, on par with the previous year and even lower than its 2021 total of 500 MT.

However, that will soon be changing as rare earths company Serra Verde began commercial production from its Pela Ema rare earths deposit at the top of 2024. Pela Ema is an ionic clay deposit that will produce the four critical magnet rare earth elements: neodymium, praseodymium, terbium and dysprosium. According to the company, it is the only rare earths operation outside of China to produce all four of those magnet rare earths.

4. Russia

Reserves: 10 million MT

Russia produced 2,600 MT of rare earths in 2023, more than Brazil and Vietnam. The Russian government shared plans in 2020 to invest US$1.5 billion in order to compete with China in the rare earths market.

Russia’s invasion of Ukraine caused some concern over possible disruptions to the rare earths supply chain in the US and Europe, and there are signs the government has had to put its domestic rare earths sector development plans on ice while it’s mired in war.

5. India

Reserves: 6.9 million MT

India’s rare earths reserves sit at 6.9 million MT, and it produced 2,900 MT of rare earths in 2023, which is on par with the previous year. India has nearly 35 percent of the world’s beach and sand mineral deposits, which are significant sources of rare earths. The country’s Department of Atomic Energy released a statement in December 2022 breaking down its production and refining capacity when it comes to rare earths.

More recently, the Indian government was reported to be putting policies and legislation in place to establish and support rare earths research and development projects to take advantage of its reserve base.

6. Australia

Reserves: 5.7 million MT

While Australia was the fourth largest rare earths-mining country in 2023 at 18,000 MT of production, it has the sixth largest reserves in the world. Currently, its reserves stand at 5.7 million MT. Rare earths have only been mined in Australia since 2007, but extraction is expected to increase moving forward. Lynas Rare Earths (ASX:LYC,OTC Pink:LYSCF) operates the Mount Weld mine and concentration plant in the country; it also runs a rare earths refining and processing facility in Malaysia. The company is considered the world’s largest non-Chinese rare earths supplier.

Hastings Technology Metals’ (ASX:HAS,OTC Pink:HSRMF) Yangibana rare earths mine is shovel ready, and the company recently signed an offtake agreement with Baotou Sky Rock for concentrate produced at the mine. Hastings expects the operation to produce up to 37,000 MT of rare earths concentrate annually and deliver first concentrate in Q2 2025.

7. United States

Reserves: 1.8 million MT

While the US reported the second highest output of rare earths in 2023 at 43,000 MT, the country takes only the seventh top spot when it comes to global rare earths reserves.

Rare earths mining in the US now happens only at California’s Mountain Pass mine. Over the past few years, the Biden administration has made several moves toward strengthening the nation’s rare earths industry.

In February 2021, President Joe Biden signed an executive order aimed at reviewing shortcomings in America’s domestic supply chains for rare earths, medical devices, computer chips and other critical resources.

The next month, the US Department of Energy announced a US$30 million initiative to research and secure domestic supply chains for rare earths and battery metals such as cobalt and lithium. The government released a follow-up fact sheet about the progress made in these initiatives in February 2022. The Department of Energy announced a US$32 million investment in new rare earths production facilities in July 2023.

8. Greenland

Reserves: 1.5 million MT

Although Greenland’s rare earths reserves number is close to that of the US, the island nation currently doesn’t produce the metals. However, it does have two significant rare earths projects with large reserves: private company Tanbreez Mining’s Tanbreez project and Energy Transition Minerals’ (ASX:ETM,OTC Pink:GDLNF) Kvanefjeld project.

The US Geological Survey only measures proven economic reserves, but in terms of total reserves for rare earths projects globally, they placed first and third, respectively, with 28.2 million and 10.2 million metric tons of total rare earth oxides.

After signing an exploitation license with the government in 2020, Tanbreez is working on securing financing for its project’s development; avenues being explored include discussions with independent oil and gas executives and the creation of critical metals NFTs. The company has its sights set on 2024 for production.

While Energy Transition Minerals had previously signed a license for Kvanefjeld, it was revoked by Greenland’s current government due to the company’s plans to exploit uranium. The company submitted an amended plan that did not include uranium, but the updated version was rejected as well in September 2023.

FAQs for rare earths reserves

What are rare earth metals?

Rare earth metals are a basket of 17 naturally occurring elements comprised of 15 elements in the lanthanide series, plus yttrium and scandium. Other than scandium, all rare earths can be divided into “heavy” and “light” categories based on their atomic weight. Heavy rare earths are generally more sought after, but light rare earth elements can of course be important too.

Is lithium a rare earth metal?

Lithium is not a rare earth metal. It is an alkali metal in the same group as sodium, potassium, rubidium and cesium.

What is the global total for rare earths reserves?

Global rare earths reserves amount to 130 million metric tons. With demand for rare earth minerals ramping up as hype about electric vehicles and other high-tech products continues, it will be interesting to see how the top producers contribute to future supply.

What is the annual production of rare earths?

According to the US Geological Survey, global rare earth minerals production in 2023 came in at 350,000 metric tons, up from 300,000 MT the previous year. The production of rare earths has ramped up aggressively in recent years — only a decade ago, global production was just above 100,000 MT, and it first broke 200,000 MT in 2019.

Who is the largest producer of rare earth metals in the world?

China has consistently been the largest producer of rare earths, and its 2023 production made up 240,000 metric tons of the world’s 350,000 MT. In terms of specific rare earths mines, the top producer is the Bayan Obo mine in Inner Mongolia, an autonomous region in Northern China. The mine is owned by the state-owned Baotou Iron and Steel Group.

Are there rare earth minerals in Europe?

There are currently no rare earths mines in Europe, but there are multiple countries with reserves, including one with a significant new discovery. In early 2023, Swedish state-owned company LKAB announced it had identified the continent’s largest rare earths deposit, the Per Geijer deposit, with rare earths resources of over 1 million MT of oxides.

With the European Union focusing heavily on building its own supply chain with the European Critical Raw Materials Act, the Per Geijer deposit could develop into an important source of rare earths for the region.

Several other countries in Europe hold significant rare earths reserves as well. Greenland hosts many deposits totaling 1.5 million MT of rare earths reserves along its coastline, with the majority located in the southwest of the country. The Gardar igneous province in the south hosts the largest ones.

Countries in the Fennoscandian Shield — such as Norway, Finland and, of course, Sweden — also host rare earth deposits, as the region has similar mineralization to Greenland.

What are the most technologically useful rare earth metals?

Rare earth metals play a significant role in various technologies. They are often used in electronics such as laptops and smartphones. Rare earth oxides such as neodymium and praseodymium are used in magnets, aircraft engines and green technologies, including wind turbines and electric vehicles. Samarium and dysprosium are also used in rare earth magnets. Phosphor rare earths such as europium, terbium and yttrium are used in lighting, as are cerium, lanthanum and gadolinium.

How are rare earths mined?

Rare earth elements are either mined from open pits, like many other metals and minerals, or they are mined through in-situ leaching. The metals are found in hard-rock deposits, ionic clay deposits and mineral sands. Some minerals that are mined for rare earths are bastnäsite, monazite, loparite and xenotime.

The open-pit mining process for rare earths is similar to that of other minerals: hard rock is mined, ore is separated from tailings and then it is refined. In in-situ leaching, which is also a common method of mining uranium, miners pump a chemical solution into an orebody. The solution dissolves the targeted materials into a brine that is then pumped back out of the ore and into collection pools. Rare earths mining also has a final step, which is the separation of the different rare earths from each other.

Why is it difficult to mine rare earth metals?

Although rare earths aren’t as rare as you might assume from the name, finding economic deposits is very difficult. This is even more so the case for the heavy rare earths, as orebodies containing them are less abundant versus light rare earths.

Another road bump for rare earths is the separation process. Because the rare earth elements all have similar chemical behavior to each other, they are very tough to separate, making the process difficult and expensive. The most common separation method is solvent extraction, but it is lengthy and can take hundreds to thousands of cycles to achieve high purity levels, according to the Science History Institute.

Lastly, the environmental risks associated with rare earths mining mean even more care needs to be taken to minimize damage to the environment and to the people near the mine.

Is rare earths mining bad for the environment?

Rare earths mining can be very damaging to local environments, especially when it comes to illegal and unregulated mines. A major issue with mining rare earths is that the ore they are extracted from also often contains thorium and uranium, which are both radioactive. This means the separation of rare earths from this ore must be handled carefully, as the waste produced will be radioactive as well.

Unfortunately, it is common for this radioactive waste to make its way into groundwater and streams, which is incredibly damaging to the environment and to nearby communities that rely on this water. This can be seen in the mountains of Southern China and Northern Myanmar, both of which have been heavily exploited for their rare earths.

A report from Global Witness that investigates the effects of rare earths mining in these regions shows that mining in Myanmar has escalated in recent years after China began closing its own mines and outsourcing to the neighboring country. As of mid-2022, 2,700 illegal collection pools from in-situ leaching in the mountains had been identified, and they covered an area the size of Singapore. Those who lived in the region reported difficulty accessing safe drinking water and said local wildlife and fish were dying out.

Additionally, the in-situ leaching process can damage the rocks that are being extracted. Global Witness found that over 100 landslides have already taken place in China’s Ganzhou region as a result of this extraction, and the damage to Myanmar’s mountains is substantial as well.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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A new study shows that more than a quarter of high school-aged students’ time spent on their smartphones occurs in school. It comes as state lawmakers across the country introduce and pass legislation aimed at cracking down on student cellphone usage in schools. 

The study, spearheaded by Seattle Children’s Hospital, found that among the more than 115 eighth- through 12th-grade students that it tracked, 25% of them spent more than two hours on their phones during a typical six-and-a-half hour school day. The study found that the average time spent among all the students they tracked was roughly 1.5 hours, which contributed to 27% of their average daily use.

The study’s findings come just several days after the state of Colorado introduced House Bill 1135, which would require school districts in the state to adopt policies that limit the use of cellphones by students during school hours. If passed, Colorado would join 19 other states that have adopted some type of cellphone restrictions for students, according to Democratic state Rep. Meghan Lukens. 

‘I’m not a big fan of government controlling people’s lives, but in this context, I’m all for it,’ psychotherapist Thomas Kersting told Fox News Digital. Kersting is a former school counselor who has lectured for 16 years about the adolescent impact of increased screen time. He wrote a bestselling book called ‘Disconnected,’ which posited that increased screen time for kids is re-wiring their brains. 

‘I started seeing an incredible influx of kids diagnosed with attention deficit disorder (ADHD) from when I was working as a high school counselor. It did not add up,’ Kersting said. ‘The chronic eight or nine hours a day of stimulation affects the executive functioning, executive functions of the brain, which is what you need to be able to concentrate, focus, retain, and all that stuff.’

Kersting pointed out that schools and school districts are also taking the lead in implementing various ways to cut down on students using their cellphones during class time, but added that state and local legislation can have the power to push schools that may be afraid to act due to parental concerns.

‘The phone has become the umbilical cord between parent and child,’ said Kersting. ‘So, the idea of a parent nowadays sending their kid to school is more terrifying and schools, I believe, are probably concerned about litigation, violation of rights and things of that nature.’

But while parents may be apprehensive, taking phones out of school can help improve students’ test scores, attention spans and socialization, while reducing the need for disciplinary intervention, Kersting said.

The study by Seattle Children’s Hospital found that, excluding web browsers, the top five apps or categories used by school-aged students were messaging, Instagram, video streaming, audio apps and email.

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President Donald Trump unveiled an executive order reinstating a ‘maximum pressure’ campaign against Iran on Tuesday, coinciding with a visit from Israeli Prime Minister Benjamin Netanyahu to the White House. 

Trump voiced that he was ‘torn’ on signing the order and admitted he was ‘unhappy to do it,’ noting that that the executive order was very tough on Iran. 

‘Hopefully, we’re not going to have to use it very much,’ Trump told reporters Tuesday. 

The order instructs the Treasury Department to execute ‘maximum economic pressure’ upon Iran through a series of sanctions aimed at sinking Iran’s oil exports. 

His first administration also adopted a ‘maximum pressure’ initiative against Tehran, issuing greater sanctions and harsher enforcement for violations. 

Lawmakers are also interested in exerting more pressure on Iran. For example, Sens. Lindsey Graham, R-S.C., and John Fetterman, D-Penn., along with lawmakers in the House, introduced a resolution on Thursday that affirms that all options should remain on the table in dealing with Iran’s nuclear threat. 

Graham said in a statement Thursday that should Iran obtain a nuclear weapon it would prove ‘one of the most destabilizing and dangerous events in world history.’ 

Additionally, Graham said ahead of Netanyahu’s visit that the moment is right to eliminate Iran’s nuclear threat now, and that the U.S. should back Israel if it chooses to ‘decimate’ Iran’s nuclear program.

‘Israel is strong. Iran is weak. Hezbollah, Hamas have been decimated,’ Graham said in an interview with Fox News Sunday. ‘They’re not finished off, but they’ve been weakened. And there’s an opportunity to hit the Iran nuclear program in a fashion I haven’t seen in decades. And I think it would be in the world’s interest for us to decimate the Iranian nuclear threat while we can. If we don’t, we will regret it later.’

Strict sanctions were reimposed upon Iran after Trump withdrew from the Iran deal, known as the Joint Comprehensive Plan of Action, in May 2018. The 2015 agreement brokered under the Obama administration had lifted sanctions on Iran in exchange for limits on Iran’s nuclear program. 

Meanwhile, Trump signaled in January some optimism about securing a nuclear deal with Iran when asked if he backed Israel striking Iran’s nuclear facilities. 

‘We’ll have to see. I’m going to be meeting with various people over the next couple of days,’ Trump told reporters Jan. 24. ‘We’ll see, but hopefully that could be worked out without having to worry about it.’

‘Iran hopefully will make a deal. I mean, they don’t make a deal, I guess that’s OK, too,’ Trump said. 

Other executive orders that Trump signed on Tuesday include pulling the U.S. out of the United Nations Human Rights Council and cutting funding for the United Nations Relief and Works Agency for Palestine Refugees (UNRWA). 

Fox News’ Morgan Phillips contributed to this report. 

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Food distribution is being stopped. Health services are being shut down. Lifesaving aid is being tied up, with no way to disburse it.

These aren’t warnings of what’s to come, but examples of what aid workers say is the fallout of the Trump administration’s freeze on foreign aid and the gutting of the United States Agency for International Development (USAID).

“It’s heartbreaking for our beneficiaries, for whom this is life and death,” a USAID worker said.

“We have programs in Ukraine, we have programs in Burma, in Sudan, in some of the most complicated, dangerous places in the world, where there are just massive humanitarian needs,” the USAID employee said. “All of that is stopped. All of that is paused.”

“We do work that we think is really important for America’s power and stability abroad. We don’t do this work because it’s nice. We do it because it buys us much more, and it gives us much more than we are giving,” the USAID employee added. “It’s devastating to see this on a personal level, and I just think it’s so foolhardy on a global level.”

Meanwhile, thousands of Americans and people abroad are losing their jobs, as the entire aid industry reels from unpaid contracts.

These are a small selection of countries and programs severely affected by the aid freeze.

Without safe water, ‘people die, people are displaced’

USAID supports hundreds of projects focused on water security, in Jordan, the Democratic Republic of Congo, Ethiopia, India, and dozens of other nations. An estimated 4 billion people globally don’t have access to safe drinking water.

Without those programs, “animals die, people die, people are displaced,” said Evan Thomas, a professor of environmental engineering at the University of Colorado in Boulder.

He works on a project in Kenya that helps more than 1 million people access clean water, via 200 deep groundwater pumps installed and partially funded by USAID. Now, the program is unable to pay contracts with people hired to help maintain and repair the pumps.

“That entire program is now at risk of falling apart,” he said.

“When people don’t have water, when their livestock die, they become very stressed, and there are militias that are willing to take advantage of that stress and recruit for their own aims,” said Thomas, citing concerns about the rising influence of terror group Al-Shabaab in Kenya. “Undermining the access of people around the world to food and water and medicine is not going to make America more secure.”

“People don’t just sit around and die of thirst. They move. They migrate. And so this will create increased migration pressure everywhere in the world,” Thomas added.

Elsewhere in Kenya, other USAID-funded projects help improve care for HIV/AIDS patients are also being disrupted.

‘Feeding programs in Sudan are being shut down’

In Sudan, food kitchens funded by US aid are already shutting down, according to Jeremy Konyndyk, the president of Refugees International and a former USAID official.

It comes as the UN reports millions of families, many displaced, are experiencing crisis levels of hunger amid the country’s ongoing conflict.

“A lot of displaced people and a lot of people who are caught in famine and other crises could be harmed, if not gravely harmed, if not killed by this pullback of aid,” said Konyndyk, warning of the wide-reaching impact on refugees in Sudan, Syria and Gaza.

The US system for monitoring global famine, FEWSNET, which is used throughout the world, has also been shut down amid the Trump administration’s aid freeze.

“USAID has been a cornerstone of lifesaving initiatives in famine-stricken regions such as Ethiopia, Somalia, and Sudan, but the funding freeze leaves millions without access to essential services like health care, clean water, and shelter,” according to the executive director of the International Council of Voluntary Agencies, Jamie Munn.

Malaria cases will be ‘increasingly common occurrence’ in US without overseas projects

USAID spearheads a program to control and eliminate malaria in 24 of the hardest-hit African nations, including Mali, where malaria is the leading cause of mortality.

The aid agency funds and delivers antimalarial medications, test-kits and insecticide-treated bug nets, which save lives and help reduce the number of mosquitos.

A mother and baby sit in a bed protected against malaria using a net in October 2009.

Malaria still kills about 600,000 people each year worldwide – most of them children under the age of five. But in the countries where the USAID-run President’s Malaria Initiative operates, the mortality rate has been cut in half since George W. Bush launched it in 2006.

“One of the reasons that we don’t have malaria in the US is because we fund and track malaria worldwide, for global health security,” the contractor said. “So, the cases that everyone saw in Florida this past year would become an increasingly common occurrence if we’re not funding driving down the parasite elsewhere.”

Afghanistan ‘faces severe repercussions’ for vulnerable women

Afghanistan “faces severe repercussions as the funding pause disrupts education programmes, healthcare delivery, and women’s empowerment initiatives, undermining long-term recovery and stability,” the International Council of Voluntary Agencies said in a statement.

Meanwhile, more than 6 million people in the country are surviving on “just bread and tea,” World Food Program (WFP) Country Director for Afghanistan Hsiao-Wei Lee told Reuters.

She is concerned about the aid freeze given that the WFP is already running on half the funding it needs in Afghanistan.

The WFP received 54% of its funding last year from the US, according to the UN.

Funding disrupted for Ukrainian schools and heating systems

USAID funds backup heating systems to schools and hospitals in 14 regions of Ukraine, which are invaluable amid Russia’s continued attacks on the country’s energy infrastructure, according to the USAID Ukraine account on ‘X.’ That account has since been taken offline.

USAID also assists with equipment delivery to energy workers, for example in the southern city of Odesa, which was recently hit in one of Russia’s assaults on Ukraine’s energy supplies.

Funding for these programs, as well as others focused on food security and veterans’ rehabilitation has been frozen, according to nonprofits in the country.

Lawmakers in the Ukrainian parliament have made a plea for continued USAID assistance, which also funds programs that enable thousands of children to continue their education and support children impacted psychologically by the war.

USAID funding further supports Ukrainian media outlets, in an effort to keep them going amid economic hardship and counter Russian media and propaganda.

“The grants have become a pillar of support for many domestic media outlets, as the advertising market, which helped the media survive, has not yet revived after the full-scale invasion of the Russian Federation,” the Ukrainian Parliament’s Committee on Humanitarian and Information Policy said last week.

It’s ‘going to destabilize the Venezuelan and Colombian border’

In Colombia, USAID funds and operates programs related to counter-narcotics, emergency food assistance, combatting deforestation and more.

Donors and organizations working on the ground have expressed huge concerns about the sudden drop off in aid, especially as the country faces an escalation in violence and a humanitarian crisis in the Catatumbo region, a strategic territory for drug production.

“We’ve tried to explain that (the aid freeze) is both going to destabilize the Venezuelan and Colombian border, but also destabilize the internal conflict, and that is one of the largest coca-growing areas in the country,” said one aid worker, highlighting concerns about an uptick in drug trafficking as well as local people suffering.

Non-governmental aid workers in the Latin America region have compiled a list of current USAID projects they say are designed to counter immigration and combat the influence of cartels, with that work now halted in Colombia, El Salvador, Guatemala and Honduras.

US funds 47% of global humanitarian aid

The impacts are far wider than a handful of countries, of course, with international nonprofits warning about consequences on every continent.

“I think the entire humanitarian system could collapse because we fund about 40% of it,” the USAID official added. According to UN officials, the US funds around 47% of global humanitarian aid.

The country is the largest provider of humanitarian assistance globally, although it accounts for less than 1% of the federal budget.

Speaking to the press in El Salvador on Monday, Rubio said the “functions of USAID” must align with US foreign policy and that it is “a completely unresponsive agency.”

When asked about the arguments that USAID’s work is vital to national security and promoting US interests, Rubio said, “There are things that USAID, that we do through USAID, that we should continue to do, and we will continue to do.”

Since it was established by Congress in 1961, USAID “has brought lifesaving medicines, food, clean water, assistance for farmers, kept women and girls safe, promoted peace, and so much more over decades, all for less than one percent of our federal budget,” Oxfam America President Abby Maxman said in a statement. “Ending USAID as we know it would undo hard-earned gains in the fight against poverty and humanitarian crisis, and cause long-term, irreparable harm.”

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President Donald Trump said Monday he would create a sovereign wealth fund, a pool of assets like those that exist in other countries that can help pay out regular funds to ordinary citizens.

However, full details on how the fund would work were not immediately available. Trump made the announcement in an Oval Office ceremony. He had floated the idea of creating such a fund during his 2024 presidential campaign.

Treasury Secretary Scott Bessent offered brief remarks at the event outlining the fund.

‘It will be a combination of liquid assets, assets that we have in this country as we work … to bring them out for the American people,’ he said.

Trump said Commerce Secretary Howard Lutnick would also be involved in standing up the fund, which could take as long as a year to establish. Lutnick said Monday that the fund could possibly be used to help take over TikTok, though he did not offer details about how such an endeavor would work.

“The extraordinary size and scale of the U.S. government and the business it does with companies … should create value for American citizens,” Lutnick said. “If we are going to buy 2 billion Covid vaccines, maybe we should have some warrants and some equity in these companies and have that grow for the help of the American people.”

Norway has the largest sovereign wealth fund in the world. It takes oil revenues and reinvests them in assets like stocks. Its current net worth is equivalent to approximately $325,000 per Norwegian citizen.

Other countries with large sovereign wealth funds include China, Saudi Arabia, Australia, Iran and Russia.

Alaska and Texas also have state-run funds.

A 2024 study from the Carnegie Endowment for International Peace found that without proper safeguards, such as governance and regulatory structures, sovereign wealth funds can turn into ‘conduits of corruption, money laundering, and other illicit activities.’

CORRECTION (Feb. 3, 2025, 8:39 p.m. ET): A previous version of this article misattributed a quotation. Howard Lutnick said the U.S. government’s transactions with companies “should create value for American citizens,” not Scott Bessent.

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The first two weeks of President Donald Trump’s return tour of the White House have been a whirling dervish of executive orders, governmental reform and thermonuclear transparency, leaving his biggest fans in unmitigated ecstasy. But is he risking going too far, too fast? 

On February 3, three issues dominated the news, all of which pitted the MAGA base’s impulse to burn it all down against the more independent Trump voters who want change, but in less radical doses. 

The fight over the United States Agency for International Development (USAID) was a perfect example of the fundamental tensions Trump is dealing with, and his approach to easing them. 

At around midnight on February 2, Elon Musk, head of the still somewhat murky Department of Government Efficiency (DOGE), announced during a conversation on his social media platform X that Trump had agreed that USAID must be ended. 

Musk asserted that the agency wasn’t an apple with a worm in it, but just a ball of worms that could not be salvaged. 

By morning, MAGA world was on fire, boasting about the latest alphabet agency scalp that DOGE had secured, but this was also likely around the time Secretary of State Marco Rubio was waking up, as the very real and senate confirmed Secretary of State, and realizing this whole situation is actually his problem. 

Rubio spent much of the day giving interviews in which he said he had personally taken over administering USAID, that it would be folded into the State Department, and all programs reviewed, but stopped short of saying the agency would cease to exist, or that its core function, foreign aid, would be abandoned.  

These are not mixed messages; they are different messages for different parts of the Trump coalition. It is a kind of good cop/bad cop routine in which Musk threatens to fire the entire federal government and Rubio says something like, ‘Wouldn’t you rather deal with me? I’m nice.’ 

Trump preparing to dismantle

This arrangement neatly allows Trump to stay, more or less, above the fray, and to judge public reaction to his proposed policies before settling on them. 

We saw something similar on display the following day, with the tariff brinkmanship against Mexico and Canada. After months of promising harsh 25% tariffs on our closest neighbors, Trump pirouetted and jetéd back to a one-month reprieve having gained a few minor concessions. 

Just as with USAID, Trump was making it clear that his finger is on the tariff trigger and that he is willing to pull it, even if he doesn’t want to. 

Finally, that same day, we saw Trump float a proposal to continue aid to Ukraine in its war against Russia as long as Ukraine promises the United States access to the rare earth minerals deep in its soil. 

Republican voters are split about 50/50 on money for Ukraine, and for those who back the blue and yellow news of continued aid was welcome. 

But let’s be clear, much of the MAGA base at this point is opposed to sending Ukraine and its president Volodymyr Zelensky so much as a used toaster oven, and yet the president refused to throw the embattled nation, and the western order, under the bus. 

So much for Trump being Russian President Vladimir Putin’s puppet. And what’s more, the stability Trump is maintaining puts a lot of nervous Americans at greater ease. 

In all three major stories February 3, Trump used chaos to his advantage. To his most die-hard supporters he affirmed his willingness to take a hammer to the deep state, and to those less ardent in their affection, he showed patience and a willingness to compromise. 

Just as with USAID, Trump was making it clear that his finger is on the tariff trigger and that he is willing to pull it, even if he doesn’t want to. 

Trump was carried to a shock popular vote victory on the back of a new coalition of Republican and Independent voters. It is a diverse and growing gaggle that could open the door to generational political power, provided everyone feels they belong and are heard. 

The author Henry Miller said that, ‘chaos is the score upon which reality is written,’ Trump seems to understand this in his bones, even his wavy blond locks express a controlled chaos. 

And isn’t this ultimately what Americans voted for? Radical change under a steady hand, whether one’s emphasis is on the former or the latter? 

So far, Donald Trump is giving the American people both, with breakneck speed, reforming government, while keeping the gears in motion. In other words, he is listening to the people who elected him and giving them what they asked for. 

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