The bill would create tax incentives for companies to buy rare earth elements within the US.

More than $16 billion of mergers, acquisitions and investments in other sectors have been terminated in last month.

The merger would create a diversified precious metals producer with assets spanning four countries.

The World Bank estimates that over 3 billion tonnes of minerals and metals will be needed to meet the growing demand for clean energy technologies.

Scientists in the US are working towards securing a domestic supply of rare earth metals for electronics, computerized engines for aircraft, warships, EVs, and magnets.

US lawmakers argue they are “discriminating against America’s energy sector.”