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Trump administration to invest $3 billion in minerals projects to boost US defense supply chains
- Trump announced a $3 billion push to boost U.S. production of critical minerals and battery parts—loans and investments aim to cut reliance on Chinese supply chains and bolster defense and auto industries.
- The government is pouring money into mining education and workforce development—$100 million in DOE grants plus $80 million in Pentagon projects to help double mining-related graduates.
- A lighter moment: mining executives presented Trump with gifts, including a gold nodule replica from a deep‑sea mining firm and rare‑earth magnets made at a U.S. plant.
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