President Donald Trump's administration is likely to take stakes in more companies following China’s latest rare earth export limitations, Treasury Secretary Scott Bessent said Wednesday. 

CRML stock is falling Wednesday. See the chart here

Bessent told CNBC that he "wouldn't be surprised" if the U.S. bought equity shares in other companies, but only in strategic industries. 

"When we get an announcement like this week with China on the rare earths, you realize we have to be self-sufficient, or we have to be sufficient with our allies," Bessent said. 

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