Trump administration’s $3 billion critical minerals push: What it means for US batteries and defence

He said the US needed to strengthen its position in the global minerals industry. “We’re reclaiming America’s rightful place as the mineral superpower of the world,” Trump said at the roundtable, according to Reuters report. The package includes funding from the US Department of Defense and the US Export-Import Bank. The government will support projects linked to battery materials, rare earths and other minerals that are important for defence, automobiles and advanced technology. One of the largest commitments is a $1.4 billion conditional loan from the Defence Department’s Office of Strategic Capital to Sila Nanotechnologies, reported Reuters. The company makes…