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, aiming to revive America's position as the minerals superpower and bolster national security. The investment includes a $1.4 billion conditional loan for Sila Nanotechnologies, a $400 million loan for scandium miner Sunrise Energy Metals, and $150 million for magnet developer Niron Magnetics.
The administration seeks to reduce reliance on Chinese supply chains and replenish depleted weapons stockpiles, with several executives attending the event presenting gifts to Trump.
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