The Department of Defense announced that it has awarded millions of dollars to a company that will develop the nation's "first polymetallic deposit targeting near-term production of Scandium (Sc), Niobium (Nb), Titanium (Ti), and other critical minerals."
Energy officials are planning to travel to Wyoming for the opening of a new rare earth mine, the first in the United States in more than 70 years and the first new coal mine in Wyoming in more than 50 years.
The Group of Seven (G7) nations unveiled a coordinated plan on Tuesday to reduce dependence on Chinese-controlled critical mineral supply chains, vital for defense and high-tech industries. While the final statement avoided direct references to China, the policy focus clearly pointed to the need to counter China’s market dominance and disruptive practices.
President Trump’s latest executive orders have sent shockwaves through the global rare earths industry, breaking China’s decades-long grip and launching a surge of new mining efforts across the globe.
The United States has finalized a major minerals agreement with Ukraine, getting access to valuable resources critical for defense, energy, and technology sectors.
