Reported about 18 hours ago
The Trump administration has announced nearly $1 billion in funding to accelerate the development of essential critical minerals and materials in the U.S. The initiative aims to reduce reliance on foreign suppliers and enhance domestic processing and manufacturing technologies, particularly in sectors like electric vehicle batteries and semiconductors. Key allocations include $500 million for mineral processing and recycling, $135 million to support rare earth element supply chains, and $250 million for producing mineral byproducts from fossil fuel plants.
Source: YAHOO