"End Dependence on China"... U.S. to Invest $3 Billion in Critical Minerals

S. President Donald Trump speaks at a roundtable on the American mining industry held at the U. S.
Department of State in Washington, D. C. , on the 7th local time.
Newsis [Financial News] The Trump administration is pushing ahead with projects worth trillions of won to reduce China's influence over critical mineral supply chains in the United States. At a meeting with mining industry workers at the U. S.
Department of State building in Washington, D. C. 2 trillion won.
4 billion loan from the Pentagon's Strategic Capital Office to Silan Technologies to build a next-generation battery facility in Washington State. The plan also includes a $150 million investment in Niron Magnetics, which is developing non-rare-earth permanent magnets, and $400 million for Sunrise Energy Metals, which is developing a scandium mine. The U.
S. Export-Import Bank is also seeking to provide $1 billion in financing for Ivanhoe Electric's copper mine project in Arizona. It will invest another $25 million in a graphite mine project in Alabama.
Earlier, the Pentagon acquired $400 million worth of shares in MP Materials, the only rare-earth producer in the United States last year. U. S.
Secretary of Commerce Howard Lutnick explained that the reason the Pentagon and the State Department are involved in critical minerals is that it is a national security issue, not just an economic one. The massive funding push is seen as a move to break away from China's dominance over mineral supply chains. The Wall Street Journal (WSJ) said the U.
S. government's large-scale support for the battery and critical minerals industries is aimed at reducing dependence on Chinese suppliers. Trump said, "We will ensure that America never again depends on hostile foreign nations for the resources our country needs to lead in the future," and shouted the slogan, "Make American mining great again.
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