Aug 7, 2026
Trump administration announces $3 billion investment in critical minerals and battery projects to reduce China dependence
President Donald Trump announced $3 billion in U.S. government investments in critical minerals and battery projects during a mining industry roundtable at the State Department, aimed at boosting domestic production, strengthening defense supply chains, and reducing reliance on Chinese minerals. The package includes a $1.4 billion Defense Department loan agreement.
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