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Trump Expands Critical Minerals Push With Army Bases
The Trump administration is taking another step to strengthen the nation's critical minerals supply chain, announcing plans to build a series of mineral processing facilities on U.S. military bases through partnerships with private industry, according to Bloomberg.
The initiative marks the first time commercial mineral processing operations will be located on Army installations.
The U.S. Army said it has reached preliminary agreements with REalloys, Titan Mining, EnergyX, and Australia's ioneer to develop facilities that will process rare earth elements, graphite, lithium, and boron. REalloys is slated to build a rare earth separation plant at the Tooele Army Depot in Utah, while Titan Mining will establish a graphite purification facility at either Pine Bluff Arsenal in Arkansas or Anniston Army Depot in Alabama. EnergyX will develop a lithium processing facility, and ioneer will construct a boron plant.
Bloomberg writes that the projects are part of a broader push by President Donald Trump to rebuild America's domestic critical minerals industry and reduce reliance on overseas suppliers, particularly China, which dominates much of the global processing market. Critical minerals are essential for military equipment, electric vehicles, semiconductors, renewable energy systems, and a wide range of consumer electronics.
Unlike traditional government subsidy programs, the Army said these agreements require the companies to pay for and carry out infrastructure improvements at the military bases in exchange for operating rights. The Pentagon expects the facilities to provide the military with more reliable access to strategically important materials while expanding U.S. processing capacity. Construction could begin as early as 2027, with production expected to come online in 2028.
The announcement follows a series of recent moves by the administration to boost domestic mineral production through loans, investments, and strategic partnerships. Those efforts have accelerated as geopolitical tensions with China continue to reshape global supply chains, with both countries taking steps to secure access to the raw materials increasingly viewed as essential to national security and advanced manufacturing.
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Psychology Journal Under Fire For Retracting Publication Challenging Claims Of Racism
Authored by Jonathan Turley via JonathanTurley.org,
We have previously discussed academic journals canceling publications that challenge the orthodox views of mainstream scholars. The latest such example can be found in the Journal of the New Zealand College of Clinical Psychologists, which pulled the 2025 article of Arna Mitchell who questioned claims that psychology as a field is a tool of "white power." The editors reportedly declared that such conclusions are "inconsistent" with the publication's "values."
Dr. Kumari Valentine, a psychologist and former editor of the journal, wrote an article raising concerns over the retraction: "The reason given for the removal was not research fraud, plagiarism, ethical misconduct, or factual error. Rather, the NZCCP Council determined that retaining the article was inconsistent with the values of the College and could perpetuate harm to Māori."
The article, "He Wero Ano: Don't Just Tell Me, Show Me How Science and Psychology Are Racist in New Zealand," took issue with the "broad," unsubstantiated claims of systemic racism in "psychology across all levels of the discipline," including that "science itself is a social construct of white Europeans" and "white power."
Mitchell, a Māori woman herself, also took issue with the view that tribal "ways of knowing should be given equal weight to scientific ways of knowing in the training and practice of psychologists in New Zealand."
One would think that such a viewpoint, particularly from a Māori woman, would, at a minimum, be welcomed as a provocative and interesting perspective. However, various readers were less interested in reading it or even responding to it. They campaigned to cancel it.
Some did respond, saying they felt the critique was based on a misunderstanding of Kaupapa Maori psychology. That should also be a welcome perspective in allowing a free exchange of viewpoints on the subject.
Some faculty have cried foul, calling the cancellation raw censorship.
This is reminiscent of the controversy at the Emory Law Journal and the firing of an editor at JAMA.
These controversies are a reflection of the viewpoint intolerance that has taken hold of much of academia, supporting groups, and journals.
Journal retracts paper skeptical of 'white power' in psychology, says it conflicts with 'values'
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Rebound In Used Luxury Watches Continues
During the COVID-era flood of free money, from stimulus checks to the Federal Reserve's zero-interest-rate policy, luxury watch prices skyrocketed to the moon. But once that liquidity boom faded and interest rates were pushed sharply higher to rein in the inflation monster fueled by helicopter money, the secondary luxury market slid into a multi-year correction.
Over the last year and a half, however, that downturn appears to have bottomed out (see here and here), with prices continuing to rebound.
The Bloomberg Subdial Watch Index, which tracks prices for the 50 most-traded watches by value on the secondary market, bottomed in January 2025, about 1.5 years ago, and has been tracking higher ever since.
- Subdial's used Rolex index bottomed around $11,000 in January 2025 and has since rebounded to nearly $12,000.
- And used Audemars Piguet watch prices.
A more granular look at the used Rolex watch index shows the Rolex Submariner Date ...
... bottomed in the summer of 2025 at around $9,800 and has marginally increased to about $10,200 this month - still far from the $13,500 COVID-era highs.
However, price action across the luxury watch market has not been uniform and largely depends on shifting consumer tastes and the interest rate environment.
Great reads:
Industry insights:
- Did Gen-Z Just Get A Taste For Fancy Used-Watches
- "Winner Takes All": UBS Speaks With Swiss Watch Industry Insider On "Stabilizing Market"
In recent weeks, Audemars Piguet and Swatch launched an affordable $400 pocket watch that generated massive consumer demand - mostly because of the price point.
Tyler Durden Fri, 06/26/2026 - 21:20