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 maximising 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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 10th of December, covering the latest developments you need to...
The world’s leading minds and voices will be honoured as Nobel Prizes are presented in Stockholm and Oslo on Wednesday, 10 December — the annivers...
The United Nations Security Council has issued warnings about the rapidly worsening humanitarian crisis in Ukraine, citing a sharp surge in civilian c...
Ukrainian President Volodymyr Zelenskyy said on Tuesday he was prepared to hold elections within three months if the U.S. and Kyiv's other allies coul...
Fighting between Thailand and Cambodia extended into a third day on Wednesday as U.S. President Donald Trump said he would make a phone call to stop t...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 10th of December, covering the latest developments you need to know.
A group of demonstrators gathered outside the Norwegian Nobel Institute to protest the awarding of this year’s Nobel Peace Prize.
Türkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar, outlined the country’s energy and gas sector developments at the 15th Türkiye Energy Summit in Istanbul, moving away from its dependence on Russian energy.
German Chancellor Friedrich Merz congratulated Azerbaijan and Armenia on their recent peace deal which he said opened an "historic opportunity" for the region.
Authorities in Japan lifted all tsunami warnings on Tuesday following a strong 7.5-magnitude earthquake that struck off the northeastern coast late on Monday, injuring at least 30 people and forcing around 90,000 residents to evacuate their homes.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
A group of demonstrators gathered outside the Norwegian Nobel Institute to protest the awarding of this year’s Nobel Peace Prize.
Tehran has protested to Washington because of the travel ban on its football team delegation as well as Iranian fans who would like to travel to the United States for the upcoming World Cup matches in 2026.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 10th of December, covering the latest developments you need to know.
The world’s leading minds and voices will be honoured as Nobel Prizes are presented in Stockholm and Oslo on Wednesday, 10 December — the anniversary of Alfred Nobel’s death. The day unites royal ceremony, academic prestige and global recognition of achievements that have advanced humanity.
The United Nations Security Council has issued warnings about the rapidly worsening humanitarian crisis in Ukraine, citing a sharp surge in civilian casualties amidst Russia's intensified aerial attacks, marking the deadliest period of the war in more than a year.
Ukrainian President Volodymyr Zelenskyy said on Tuesday he was prepared to hold elections within three months if the U.S. and Kyiv's other allies could ensure the security of the vote.
Fighting between Thailand and Cambodia extended into a third day on Wednesday as U.S. President Donald Trump said he would make a phone call to stop the conflict, after he had brokered a ceasefire in July to end a five-day battle between the Asian neighbours.
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