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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Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S. fulfils its commitments, a senior Iranian diplomat said on Saturday.
Iranian Foreign Minister Abbas Araghchi accused U.S. government and Israel-aligned actors of manipulating energy markets to promote the war with Iran.
Russian strikes on the Kyiv region overnight killed 37 people, Ukrainian President Volodymyr Zelenskyy has said. Zelenskyy added that the Ukrainian capital was under "virtually nonstop attack" from drones.
Eurasian leaders have gathered in Bishkek for a Shanghai Cooperation Organisation summit focused on security, economic ties and regional co-operation, as the bloc marks its 25th anniversary. China's President Xi Jinping also hailed the “unprecedented” development in China-Kyrgyzstan relations.
At least 37 people were killed after a Russian drone strike hit an ammunition depot in the Kyiv region, triggering powerful secondary explosions President Volodymyr Zelenskyy said on Saturday, vowing to punish suspected negligence in the second such incident in two months.
Israeli Prime Minister Benjamin Netanyahu has condemned the actions of Israeli settlers in the West Bank village of Qusra, saying security operations should be handled only by state institutions, including the army and police.
Rescue teams in Nepal, supported by Chinese and Indian experts, worked through the night to reach hundreds of people believed to be trapped inside blocked hydropower project tunnels following last week’s catastrophic Himalayan flood.
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Around 20 people are reported missing after flooding struck parts of Grand Canyon National Park in the U.S. state of Arizona, prompting evacuations of people to safety and a large-scale response from park authorities.
Russia views NATO’s growing military activity in the Arctic as a direct threat to its national security, Foreign Minister Sergei Lavrov said.
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