The Trump administration wants to spend about $1B to accelerate the critical minerals and materials market stateside. (Reuters)
The funding breakdown: $500M expand US critical minerals/materials processing and battery manufacturing and recycling, $135M to support the domestic supply chain for rare earth elements, $250M in financial assistance for plants (yes, including coal facilities) that can produce mineral byproducts from industrial processes, and $50M to support the rare earth magnet supply chain.