Rio Tinto, BHP Summoned to Critical Minerals Meeting with Trump

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessRio Tinto, BHP Summoned to Critical Minerals Meeting with TrumpThe White House has invited top executives from the US critical minerals industry to a meeting Friday with President Donald Trump meant to demonstrate the administration’s commitment to wean the nation off supply chains dominated by China.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — The White House has invited top executives from the US critical minerals industry to a meeting Friday with President Donald Trump meant to demonstrate the administration’s commitment to wean the nation off supply chains dominated by China.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe event is designed to showcase efforts to help spur critical minerals development and processing, with plans to unveil a handful of a deals and memoranda of understanding, according to people familiar with the summit, who requested anonymity to provide details ahead of a formal announcement. Among those invited to the meeting are representatives from industry heavyweights including Rio Tinto Group, BHP Group and Freeport-McMoRan Inc., as well as participants from MP Materials Corp., USA Rare Earth Inc., Energy Fuels Inc., US Antimony Corp., Sunrise Energy Metals Ltd., and The Metals Company among others, the people said. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againSome companies are still determining whether they will attend in person and if so, which executives to send, according to the people familiar. Trump is set to be joined by leaders of his National Energy Dominance Council, including Interior Secretary Doug Burgum, executive director Jarrod Agen, as well as White House adviser David Copley.The event has been in the works for weeks, though there’s been a rush to pull together final details in recent days, with a range of US government agencies tapped to participate, some of the people said.Specifics on potential deals were not immediately available Thursday. Ahead of the session, White House officials asked government agencies to detail recently closed deals and MOUs that would help demonstrate momentum on the president’s critical minerals agenda, some of the people said.A White House official said the administration is putting together a historic meeting of mining industry officials as the president advances measures to support critical mineral development. Trump has regularly summoned top executives from industries, including technology and energy, to showcase his economic priorities and press them to back portions of his agenda. Friday’s meeting comes more than a year after the US government launched a multi-billion critical minerals policy that’s embraced a new model of statecraft, with American taxpayers committing some $10 billion to build a so-called mine-to-magnet supply chain. The goal is ensuring robust US production of rare earths and critical products deemed essential to national security. The policy went into hyperdrive last year after China rattled global markets by implementing export controls on certain rare earth minerals and permanent magnets, which are critical to a host of industries and used in a wide array of products including, automobiles, wind turbines and defense applications.—With assistance from Jacob Lorinc, Thomas Biesheuvel and Jennifer A. 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