Trump Admin To Dish Out $355 Million And Loosen China’s Critical Mineral Vice Grip
The Department of Energy (DOE) announced Friday that it is providing funding opportunities to “expand domestic production of critical minerals and materials.” The DOE said in August that it would provide nearly $1…
The Department of Energy (DOE) announced Friday that it is providing funding opportunities to “expand domestic production of critical minerals and materials.”
The DOE said in August that it would provide nearly $1 billion in funding opportunities to advance domestic critical mineral extraction and processing to break America’s reliance on foreign supply chains. Friday’s announcement advances funding efforts in a move that EnergySecretary Chris Wright described as a departure from American “complacency” in the critical mineral sector.
“For too long, the United States has relied on foreign nations for the minerals and materials that power our economy,” Wright said in a statement. “We have these resources here at home, but years of complacency ceded America’s mining and industrial base to other nations. Thanks to President Trump’s leadership, we are reversing that trend, rebuilding America’s ability to mine, process, and manufacture the materials essential to our Energy and economic security.”
The DOE announced that these first two critical mineral-related funding opportunities will focus on coal, “industrial byproducts and wastes” as well as mining and research projects. Notably, the Department of the Interior