The U.S. Department of Energy announced on Wednesday that the Trump administration has unveiled a nearly $1 billion funding plan to boost U.S. production of critical minerals and materials, aiming to reduce reliance on foreign suppliers, particularly China.
The initiative seeks to advance mining, processing, and manufacturing technologies within supply chains long dominated by China and other nations.
"For too long, the United States has relied on foreign actors to supply and process the critical materials that are essential to modern life and our national security," said Energy Secretary Chris Wright.
The funding aligns with President Donald Trump’s executive order on maximizing energy development.
The Office of Manufacturing and Energy Supply Chains (MESC) will offer up to $500 million to expand domestic processing, battery manufacturing, and recycling.
An additional $135 million will support rare earth element supply chains by proving the commercial viability of refining and recovering minerals from mining tailings.
The Office of Fossil Energy and Carbon Management will provide about $250 million for facilities, including coal plants, capable of producing mineral byproducts from industrial processes.
Another $50 million will target the rare earth magnet supply chain, focusing on refining and alloying materials like gallium, germanium, and silicon carbide for semiconductor production.
U.S. President Donald Trump warned of “severe consequences” if Russia’s Vladimir Putin refuses to agree to peace in Ukraine, while suggesting a ...
The U.S. Department of Energy announced on Wednesday that the Trump administration has unveiled a nearly $1 billion funding plan to boost U.S. product...
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U.S. Vice President JD Vance visited American troops in Gloucestershire, England ahead of President Trump’s historic Alaska meeting with Russian Pre...
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France, Germany and Britain have warned they are prepared to reinstate United Nations sanctions on Iran if it does not return to negotiations over its nuclear programme, according to a letter sent to the U.N. on Tuesday.
Ukrainian President Volodymyr Zelenskyy met German Chancellor Friedrich Merz in Berlin on Wednesday before joining a German-hosted virtual conference with U.S. President Donald Trump, NATO and European leaders, two days ahead of Trump’s first meeting with Russian President Vladimir Putin since 2021.
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A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
U.S. President Donald Trump warned of “severe consequences” if Russia’s Vladimir Putin refuses to agree to peace in Ukraine, while suggesting a follow-up meeting could include Ukrainian President Volodymyr Zelenskyy.
The Philippine government reported that a Chinese jet fighter intercepted a Philippine Coast Guard (PCG) aircraft with journalists onboard during a patrol over the Scarborough Shoal on 13 August, further straining tensions in the South China Sea.
U.S. Vice President JD Vance visited American troops in Gloucestershire, England ahead of President Trump’s historic Alaska meeting with Russian President Vladimir Putin, highlighting Europe’s role in the Ukraine conflict.
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