For Joshua Ballard, the US\u2019 trade war against China has been a game-changer.<\/p>\n
The CEO of USA Rare Earth \u2013 a company launched in 2019 with the goal of reviving America\u2019s rare earth magnet supply chain \u2013 was having a hard time raising capital from Wall Street until a few months ago.<\/p>\n
China has dominated the rare earths sector for decades, with its firms having a huge competitive advantage due to their lower costs and massive capacity, making the American company\u2019s vision a tough sell to investors.<\/p>\n
But then came US President Donald Trump\u2019s return to office. After a US tariff blitz led Beijing to impose export controls<\/a> on seven rare earth elements, America\u2019s vulnerability was exposed in vivid fashion as a string of blue-chip American companies warned that a lack of magnets could soon disrupt their production<\/a>.<\/p>\n All of a sudden, the investment environment \u201call changed\u201d, Ballard said, and the CEO has been quick to take advantage.<\/p>\n \u201cWe\u2019re looking at how we can accelerate,\u201d he told the Post in an interview near his home in the San Francisco Bay Area. \u201cWe want to be a major player in this.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"For Joshua Ballard, the US\u2019 trade war against China has been a game-changer. The CEO of USA Rare…\n","protected":false},"author":2,"featured_media":43167,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[1337,64,63,3686,99,512,2490,164,37889,37886,37887,8262,2007,37888,37883,37890,37884,3370,2489,37885],"class_list":["post-43166","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-apple","tag-au","tag-australia","tag-beijing","tag-business","tag-china","tag-donald-trump","tag-economy","tag-el-paso","tag-imarc-group","tag-joshua-ballard","tag-mp-materials","tag-nasdaq","tag-oakland","tag-oklahoma-state-university","tag-pentagon","tag-san-francisco-bay-area","tag-texas","tag-us","tag-usa-rare-earth"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/43166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=43166"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/43166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/43167"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=43166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=43166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=43166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}