United States

U.S. Army to fund rare-earth minerals facilities after China threat

A rare-earth mineral storage facility in china
A rare-earth mineral storage facility in China in 2010. Photo: STR/AFP via Getty Images

The U.S. Army is planning to finance mines and processing plants to establish a domestic supply of rare-earth minerals, which are used in weapons and electronics, according to a government document reviewed by Reuters.

Why it matters: The investment comes in response to a threat from China, which processes most of the world's rare earths, to stop exporting them to the U.S. amid the ongoing trade war.

Asset managers urge caution in 2020

Illustration of a safety cone
Illustration: Eniola Odetunde/Axios

Investors can expect higher stock prices but also a lot of potential potholes in 2020, according to the investment forecasts of major asset managers.

What they're saying: "[I]n 2020 the margin for error — and opportunity — will likely be as small as it’s been in a very long time," top strategists at State Street Global Advisors wrote in their 2020 outlook.