I understand the need for this. But when D’s regain power (and that will happen eventually), this will become another grift and money laundering opportunity for them.
Government ownership of private businesses is generally not a good idea. It may be that previous administrations have put the US in such a bad spot on rare earths that something drastic like this is needed.
We need the weapons, so they need to be manufactured, and not enough of them were being manufactured before Russia’s latest invasion.
This is great news for those concerned about national defense.