President Donald Trump urges U.S. defense contractors to “do magnets,” saying the United States has the materials and that the companies would profit from making rare-earth magnets. The comments come after reporting that a rare-earth magnet company has drawn investment connections involving Donald Trump Jr. and his venture capital firm. According to Mediaite, ProPublica previously reported that a senior White House aide intervened to help secure a $620 million Pentagon loan for the rare-earth magnet startup, shortly after Donald Trump Jr.’s firm took a stake in the company. The Independent reports that Trump repeatedly made the “do magnets” demand, framing it as a way to leverage existing U.S. supply chains. While the outlets describe the same sequence of events—Trump’s remarks and prior reporting about the Pentagon loan and the son’s investment—the coverage differs in emphasis. Both accounts place Trump’s push to expand magnet production in the broader context of rare-earth magnet supply and government support for related businesses.