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.
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U.S. President Donald Trump has described a newly signed transport corridor between Armenia and Azerbaijan as a “historic deal” for international peace.
The United Nations has reported that Israel has rejected 107 requests to deliver humanitarian aid materials into the Gaza Strip since the ceasefire came into effect on 10 October, preventing essential relief from reaching civilians.
Türkiye’s benchmark BIST 100 index ended Thursday up 0.94%, closing at 11,073.27 points. Opening the day at 11,029.29, the index gained 102.9 points compared with the previous close.
Tensions between Brussels and Tbilisi are deepening following the European Commission’s latest enlargement report, which delivers one of the most critical assessments of Georgia’s progress toward European integration in recent years.
The Champions League match between Qarabağ FK and Chelsea ended 2–2 at the Tofig Bahramov Republican Stadium in Baku, Azerbaijan on Wednesday (5 November).
A French court has postponed the trial of a suspect linked to the Louvre jewellery heist in a separate case, citing heavy media scrutiny and concerns about the fairness of the proceedings.
A 35-year-old man drove his car into pedestrians and cyclists on France’s Oléron island on Wednesday, injuring at least nine people in an attack that has drawn attention from national leaders.
More than 10,000 supporters of Serbian President Aleksandar Vucic rallied in Belgrade on Wednesday to show their backing for the populist leader’s policies, following a year of anti-government demonstrations.
Dutch smartphone maker Fairphone is entering the U.S. market, betting on growing demand for repairable and sustainable devices as right-to-repair legislation gains traction, according to Reuters.
U.S. President Donald Trump has described a newly signed transport corridor between Armenia and Azerbaijan as a “historic deal” for international peace.
Kazakhstan and the United States have signed a memorandum of understanding on cooperation in critical minerals, the Kazakh presidential press service Akorda announced on Thursday.
The United Nations Development Programme (UNDP) has reported that Hurricane Melissa left behind almost 5 million metric tons of debris across western Jamaica when it struck the island on 28 October.
U.S. Senate Republicans have blocked a resolution that would have barred President Donald Trump from launching military action against Venezuela without congressional approval, despite growing concern over recent U.S. strikes in the southern Caribbean.
A new country is poised to join the Abraham Accords, the series of normalisation agreements with Israel, according to U.S. President Donald Trump’s special envoy, Steve Witkoff.
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