U.S. to discuss rare earth price mechanism with allies next week - report

[Diverse business people discussing contract papers before signing. Teamwork of lawyers are at work in office]

The U.S. will seek to reach consensus with allies on a pricing mechanism to help insulate rare earth mineral refiners and extractors during meetings with dozens of foreign ministers in Washington next week, a senior Trump administration official told _Bloomberg News._

In an interview on Thursday, US Under Secretary of State for Economic Affairs Jacob Helberg said he expects a lot of “momentum and excitement” toward “agreeing on a pricing mechanism that we can all coordinate together on in order to ensure price stability for people in the mineral refining and extraction business.”

The move follows a late-Wednesday selloff in rare earth stocks after _Reuters _reported that the Trump administration had stepped back from plans to guarantee minimum prices for U.S. critical minerals projects.

U.S. mining and processing companies have pushed for price floors and other government backstops to help them compete with China, whose state-backed producers can cut prices to punish rivals, undercut projects, and deter private investment.

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MORE ON RARE EARTHS, ETC.

* USA Rare Earth: It's Hard To Bet Against The Government (Upgrade) [https://seekingalpha.com/article/4863101-usa-rare-earth-its-hard-to-bet-against-the-government-upgrade]
* The Mining And Metals Supercycle- Driven By AI And The Deterioration Of Fiat Currency Values [https://seekingalpha.com/article/4863081-the-mining-and-metals-supercycle-driven-by-ai-and-the-deterioration-of-fiat-currency-values]
* USA Rare Earth, Inc. (USAR) Shareholder/Analyst Call Presentation [https://seekingalpha.com/article/4862790-usa-rare-earth-inc-usar-shareholder-analyst-call-presentation]
* Rare earth stocks slide as Trump administration backs off critical mineral price floors - Reuters [https://seekingalpha.com/news/4543925-rare-earth-stocks-slide-as-trump-administration-backs-off-critical-mineral-price-floors---reuters]
* USA Rare Earth jumps after confirming U.S. government takes equity stake [https://seekingalpha.com/news/4542363-usa-rare-earth-jumps-after-confirming-us-government-takes-equity-stake]