US President Donald Trump has announced a $3 billion federal investment initiative targeting critical minerals and battery production projects.
Speaking to an audience of more than 200 mining executives, investors, and policymakers, Trump framed the spending as essential to restoring the United States' position as a global superpower in the mineral sector.
The announcement signals a direct government intervention in the supply chains for materials vital to defense manufacturing and the energy transition.
By committing capital to domestic extraction and processing, the administration seeks to reduce reliance on foreign sources for strategic resources.
This move aligns with a broader push to insulate key industrial sectors from geopolitical supply shocks.
The pledge comes as the administration continues to escalate its trade policy, including recent tariff announcements targeting dozens of countries.