Trump administration builds equity portfolio with stakes in at least 10 companies, focusing on critical minerals
By
Spencer Kimball
Summary
The Trump administration has made unprecedented equity investments and obtained stakes in at least 10 companies over the past year, primarily in critical mineral companies as part of a strategy to build a domestic supply chain and reduce dependence on China. The investments also include chipmakers and potentially a nuclear reactor company, with the administration taking a governance stake in U.S. Steel rather than a direct economic interest. This level of direct government investment in private companies is described as extraordinary outside of wartime or economic crisis.
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Key quotes
· 3 pulledThe number of investments is extraordinary outside of wartime or an economic crisis.
Many are in critical mineral companies as the White House plots a strategy to directly back mining companies to build a domestic supply chain and reduce dependence on China.
In the case of U.S. Steel, the administration has taken a governance stake rather than a direct economic interest.
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