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Scott Bessent: “Rare earth magnets are flowing as expected with a…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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BREAKING NEWS: Scott Bessent Questioned About Trump's Greenland Ambitions, Tariffs At WEF In Davos

Published | Video Starts at 28:13

Well, obviously for energy, we are independent. We're the an energy superpower. And I would say 18 to 24 months. I went down about … Rare earth magnets are flowing as expected with a fulfillment rate in the 90s. … supply chain. They believe that within two years they can fulfill most of the rare earth magnets, magnet needs for the US and then we also want to help our allies because the supply chain is important. (28:13–28:22)

CLAIM

Asserts that rare earth magnets are being supplied at a high fulfillment rate.

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