Why it Matters

A joint U.S.-South Korea mining venture, Trident Zoetic Co. Ltd., has made its lobbying debut by hiring Drake Ventures LLC to push for better U.S. access to rare earth minerals. This marks the company’s first foray into lobbying at a time when congressional interest is peaking in efforts to break China’s mineral dominance.

By the Numbers

Trident Zoetic is spending an undisclosed amount on its inaugural lobbying contract. The team consists of one lobbyist: Roger Jason Stone Jr., who, despite lacking congressional experience, has lobbied for various clients including Capstone Financial Group Inc. and the Tunica-Biloxi Tribe of Louisiana.

Broader Context

Currently, China controls 92% of global rare earth processing capacity, prompting the U.S. to import more than 50% of its critical minerals and depend entirely on imports for 12 of them. Trident Zoetic operates rare earth mines in Vietnam, positioning itself as a viable non-Chinese supplier.

The Agenda

The newly registered client lists “U.S. access to rare earth minerals” as its lobbying focus. However, no specific legislation is mentioned in the filing. The company intends to utilize environmentally friendly technologies for rare earth production in Vietnam.

Competitive Landscape

Trident Zoetic joins a competitive field of mineral lobbyists. MP Materials Corp., the largest producer in the Western Hemisphere, advocates heavily for tax credits while Elk Creek Resources Corp. pushes for tax incentives and trade partnerships.

Between The Lines

Congress is actively pursuing critical minerals legislation. The H.R.1496 – Rare Earth Magnet Security Act of 2025 aims to provide tax credits for domestic production, while the S.429 – STRATEGIC Minerals Act would authorize presidential trade negotiations concerning critical minerals.

The Bottom Line

Trident Zoetic enters lobbying during a peak time for rare earth mineral policy. Its operations in Vietnam offer appealing alternatives to lawmakers keen on reducing reliance on China. Success will depend on effectively communicating its value as a U.S.-partnered venture in a strategic allied nation.

All data used in this article came from Legis1. Request a demo to learn more!