Trump's big move to counter China over critical minerals includes over ₹28,100 crore investment — here's how
President Trump announced a $3 billion investment in critical minerals and battery projects to enhance domestic production and national security. He emphasised the importance of the sector to bolster US mineral independence and reduce reliance on China.
President Donald Trump announced a $3 billion investment in critical minerals and battery projects during a roundtable at the State Department. This investment includes a $1.4 billion conditional loan to Sila Nanotechnologies, $400 million to Sunrise Energy Metals, and $150 million to Niron Magnetics. The funds will be provided by the Defense Department's Office of Strategic Capital, the Export-Import Bank, and the White House.
The administration aims to strengthen national security and industrial policy by producing these essential materials domestically.
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