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PRAGUE NEWS INDEX28 / 04 11 2026

English-language Prague and Czech political, civic and cultural news.

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SECTION D

Business

Chronological file / page 02

015Business

Commerce Department backs USA Rare Earth with $1.6B package to build ‘mine-to-magnet’ supply chain

The U.S. Commerce Department is investing in USA Rare Earth through a proposed $1.6 billion package that includes $277 million in direct funding and a $1.3 billion senior secured loan, in exchange for an equity stake and warrants. The move is part of a broader effort to reduce dependence on China for rare-earth processing and strengthen domestic supply chains for manufacturing and national security. USA Rare Earth plans projects in Texas and Oklahoma to support a vertically integrated path from mining to magnet production.

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023Business

Davos agenda strained by Greenland tensions as leaders weigh trade retaliation

At the World Economic Forum in Davos, tensions tied to the U.S.-Europe standoff over Greenland spilled into economic discussions, reviving fears of an escalating tariff fight. The focus has shifted from big-picture growth and investment to immediate questions about trade retaliation, uncertainty, and market stability.

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