Indonesia's meeting with United States representatives in Washington on the looming tariffs went "positively", its chief negotiator said on Thursday, with both countries exploring a wider partnership in the critical minerals sector…Indonesia and the United States are eyeing a wider partnership in the former's critical minerals sector, with Airlangga's ministry citing the country's large reserves of nickel, copper and cobalt…In the tariff talks, Indonesia has proposed slashing its duties on American products to near zero and offered to increase U.S. purchases and investment in the country, amounting to a value of about $34 billion.

MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”) today announced it has entered into a transformational public-private partnership with the United States Department of Defense (“DoD”) to dramatically accelerate the build-out of an end-to-end U.S. rare earth magnet supply chain and reduce foreign dependency…The agreements comprise a comprehensive, long-term package – including convertible preferred equity, warrants, loans, and price floor and offtake commitments – that extend for more than a decade…DoD has entered into a 10-year agreement establishing a price floor commitment of $110 per kilogram for MP Materials’ NdPr products stockpiled or sold, reducing vulnerability to non-market forces and ensuring stable and predictable cash flow with shared upside….In addition, within 30 days, the Company expects to receive the proceeds of a $150 million loan from DoD in connection with its plan to expand its heavy rare earth separation capabilities at Mountain Pass. As part of the agreement, DoD agreed to purchase $400 million of a newly-created series of the Company’s preferred stock convertible into shares of the Company’s common stock, and a warrant permitting DoD to purchase additional shares of the Company’s common stock…As a result of the strategic investment, DoD is positioned to become the Company’s largest shareholder. On an as-converted and as-exercised basis, the convertible preferred stock and the warrant represent, in the aggregate, 15% of the Company’s issued and outstanding shares of common stock as of July 9, 2025, without giving effect to the issuance of such shares.