Father’s Business _Merchants Gather ‘Treasure’ Fragments : Trump plans to stockpile deep-sea metals to counter China, FT reports

Reuters

[23] And he said unto them, This is that which the LORD hath said, To morrow is the rest of the holy sabbath unto the LORD: bake that which ye will bake to day, and seethe that ye will seethe; and that which remaineth over lay up for you to be kept until the morning. [25] And Moses said, Eat that to day; for to day is a sabbath unto the LORD: to day ye shall not find it in the field. [26] Six days ye shall gather it; but on the seventh day, which is the sabbath, in it there shall be none.Exodus 16 : 23, 25-26

Reuters

Sat, April 12, 2025 at 2:09 PM GMT+31 min read

U.S. President Trump holds a cabinet meeting at the White House

(Reuters) – The Trump administration is drafting an executive order to enable the stockpiling of deep-sea metals to counter China’s dominance in battery minerals and rare earth supply chains, the Financial Times reported on Saturday, citing people familiar with the matter.

Deep Sea Mining ⚒️ Treasures At Risk! Wandering Abroad For Bread Sea to Sea 🌊

Under the plans, the stockpile would “create large quantities ready and available on U.S. territory to be used in the future”, in case of a conflict with China that might constrain imports of metals and rare earths, the report added.

Everything in the world is in agitation. The signs of the times are ominous. Coming events cast their shadows before. The Spirit of God is withdrawing from the earth, and calamity follows calamity by sea and by land. There are tempests, earthquakes, fires, floods, murders of every grade. Who can read the future? Where is security? There is assurance in nothing that is human or earthly. Rapidly are men ranging themselves under the banner they have chosen. Restlessly are they waiting and watching the movements of their leaders. There are those who are waiting and watching and working for our Lord’s appearing. Another class are falling into line under the generalship of the first great apostate. Few believe with heart and soul that we have a hell to shun and a heaven to win. DA 636.1

Last week, China placed some rare earth elements under export restrictions as part of its response to President Donald Trump’s tariff package, potentially cutting the U.S. off from minerals vital to everything from smartphones to electric car batteries.

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The stockpile is being considered as part of a broader push to fast-track deep-sea mining applications under U.S. law, and to create onshore processing capacity, the report added.

China produces around 90% of the world’s refined rare earths, a group of 17 elements used across the defense, electric vehicle, clean energy and electronics industries. The U.S. imports most of its rare earths, and most come from China.

[16] And he spake a parable unto them, saying, The ground of a certain rich man brought forth plentifully: [17] And he thought within himself, saying, What shall I do, because I have no room where to bestow my fruits? [18] And he said, This will I do: I will pull down my barns, and build greater; and there will I bestow all my fruits and my goods. [19] And I will say to my soul, Soul, thou hast much goods laid up for many years; take thine ease, eat, drink, and be merry. [20] But God said unto him, Thou fool, this night thy soul shall be required of thee: then whose shall those things be, which thou hast provided? [21] So is he that layeth up treasure for himself, and is not rich toward God.
Luke 12 : 16-21

The White House and China’s foreign ministry did not immediately respond to Reuters requests for comments.

(Reporting by Rajveer Singh Pardesi in Bengaluru; Editing by Mark Potter)

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