Trump to host mining CEOs as administration seeks minerals for defense supply chains
XLB•Trump's broader minerals strategy
Since returning to office, Trump has launched a $12 billion strategic minerals stockpile, backed equity investments in companies developing U.S. mines and processing facilities, and sought to limit defense contractors from relying on supplies from China.
The administration says government support is needed to counter decades of Chinese investment that left Beijing dominant in the mining and processing of many strategic minerals.
Administration seeks more mining workers and education funding
The administration is also seeking to address a shortage of engineers, geologists, miners and technicians needed to expand the domestic mining industry.
The Department of Energy is expected to host representatives from all 14 accredited U.S. mining schools to promote mining careers and encourage more students to enter the field. The agency will announce $180 million in grants to help boost educational programs, the official said.
