Trump invests $2B to boost critical mineral production
U.S. President Donald Trump announced the allocation of more than two billion dollars to boost the production of critical minerals, aiming to reduce dependence on China and gain control over global supply chains—especially for materials essential to high-tech and military industries. The investments include substantial loans, such as $1.4 billion to build a lithium battery factory, $150 million to enhance magnet production, and $400 million to establish a spodumene mine in Australia, along with a $180 million investment in training mining workers. These steps aim to counter Chinese dominance in rare earth elements and ensure the security of strategic materials vital for military and advanced technology industries.
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