Latest news with #ErnestScheyder
Reuters
a day ago
- Business
- Reuters
Critical minerals part deux: China's dominance
Follow on Apple or Spotify. Listen on the Reuters app. Decades ago, China foresaw what the U.S. didn't - a future dependent on critical minerals. Now, the U.S. is playing catch up as China's export controls threaten global supply chains. Join Laurie Chen, Ernest Scheyder and Jarrett Renshaw to hear the latest on critical minerals, particularly what China's dominance means for the modern world. Listen to part one here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit to opt out of targeted advertising. Further Reading China's rare earth weapon changes contours of trade war battlefield, opens new tab China's rare earth export curbs hit the auto industry worldwide, opens new tab Global alarm as China's critical mineral export curbs take hold, opens new tab
Yahoo
5 days ago
- Business
- Yahoo
Exclusive-Trump set to waive Defense Production Act requirements to boost critical minerals
By Ernest Scheyder and Jarrett Renshaw (Reuters) - U.S. President Donald Trump is set to slash some legal requirements, including congressional approval for larger projects, to help boost domestic production of critical minerals and weapons, according to a document seen by Reuters. The document is expected to be published on the Federal Register on Wednesday, the government web site shows. The action applies to the Defense Production Act, a U.S. law that grants the president broad emergency powers to control domestic industries and resources during national security emergencies. Trump invoked the Korean War-era law in March to help boost domestic production of critical minerals, a critical industry dominated by Washington's top economic rival China. The law places some restrictions on the president's authority, such as requiring the White House to seek congressional approval for projects over $50 million and forcing project delivery dates within a year time frame. The president can waive those requirements in the event of an emergency and Trump is expected to invoke those powers, according to a document seen by Reuters. President Joe Biden invoked similar waivers to speed up production of vaccines and medical equipment during the COVID pandemic. The White House did not immediately respond to a request for comment. (Reporting By Ernest Scheyder and Jarrett Renshaw; Editing by Trevor Hunnicutt and Chizu Nomiyama)
Yahoo
5 days ago
- Business
- Yahoo
Exclusive-Trump set to waive Defense Production Act requirements to boost critical minerals
By Ernest Scheyder and Jarrett Renshaw (Reuters) - U.S. President Donald Trump is set to slash some legal requirements, including congressional approval for larger projects, to help boost domestic production of critical minerals and weapons, according to a document seen by Reuters. The document is expected to be published on the Federal Register on Wednesday, the government web site shows. The action applies to the Defense Production Act, a U.S. law that grants the president broad emergency powers to control domestic industries and resources during national security emergencies. Trump invoked the Korean War-era law in March to help boost domestic production of critical minerals, a critical industry dominated by Washington's top economic rival China. The law places some restrictions on the president's authority, such as requiring the White House to seek congressional approval for projects over $50 million and forcing project delivery dates within a year time frame. The president can waive those requirements in the event of an emergency and Trump is expected to invoke those powers, according to a document seen by Reuters. President Joe Biden invoked similar waivers to speed up production of vaccines and medical equipment during the COVID pandemic. The White House did not immediately respond to a request for comment. (Reporting By Ernest Scheyder and Jarrett Renshaw; Editing by Trevor Hunnicutt and Chizu Nomiyama)
Yahoo
5 days ago
- Business
- Yahoo
Trump expected to waive Defense Production Act requirements to boost critical minerals, weapons
(Reuters) -Donald Trump is expected to waive statutory requirements under the Defense Production, including congressional approval for larger projects, to help boost domestic production of critical minerals and weapons, according to a document seen by Reuters. The document is expected to be published on the Federal Register on Wednesday, according to the government web site. (Reporting By Ernest Scheyder and Jarrett Renshaw) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
12-05-2025
- Business
- Business Insider
U.S. judge blocks land transfer for Rio Tinto copper mine, Reuters reports
A U.S. federal judge temporarily blocked the Trump administration from transferring land to Rio Tinto (RIO) and BHP (BHP) for a copper mine opposed by Native Americans, Ernest Scheyder of Reuters reports. The judge cited the Supreme Court's ongoing deliberations in the case as reason for the block. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
