US President Trump announced on August 7, local time, that the federal government will invest 3 billion US dollars in a number of key minerals and battery projects with the aim of increasing domestic production in the US and promoting national security and industrial policy. The analysis indicates that the Trump administration is now in urgent need of critical minerals to replenish the stocks of weapons consumed during the conflict with Iran. “We are taking back America's rightful place as the world's mining superpower,” Trump told hundreds of mining executives, educators, investors and politicians at a round table held by the US State Department. In his speech, he announced a series of investment projects, including a $1.4 billion conditional loan from the US Department of Defense to the US company Syrah Nanotechnology, which produces lithium-ion battery components, a $400 million conditional loan to the scandium miner Nissho Energy Metals Company, and a $150 million conditional loan to Nilon Magnets. The Export-Import Bank of America will provide loans to a number of companies. Additionally, the US Department of Energy and the Department of Defense will provide 180 million US dollars in grants to help strengthen mining education in the US.

US President Trump announced on August 7, local time, that the federal government will invest 3 billion US dollars in a number of key minerals and battery projects with the aim of increasing domestic production in the US and promoting national security and industrial policies. The analysis indicates that the Trump administration is now in urgent need of critical minerals to replenish the stocks of weapons consumed during the conflict with Iran. “We are taking back America's rightful place as the world's mining superpower,” Trump told hundreds of mining executives, educators, investors and politicians at a round table held by the US State Department. In his speech, he announced a series of investment projects, including a $1.4 billion conditional loan from the US Department of Defense to the US company Syrah Nanotechnology, which produces lithium-ion battery components, a $400 million conditional loan to the scandium miner Nissho Energy Metals Company, and a $150 million conditional loan to Nilon Magnets. The Export-Import Bank of America will provide loans to a number of companies. Additionally, the US Department of Energy and the Department of Defense will provide 180 million US dollars in grants to help strengthen mining education in the US.