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U.S. DOE Reveals $1B Funding to Boost Critical Minerals Supply Chain
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Global superpowers have developed an apparently insatiable appetite for critical minerals that are essential for ongoing energy and digital transitions, including rare earth metals (for semiconductors), cobalt (for batteries) and uranium (for nuclear reactors). According to International Energy Agency forecasts, demand for these minerals will have more than quadrupled by 2040 only for use in clean energy technologies. But, in their race to contr…
U.S. DOE Reveals $1B Funding to Boost Critical Minerals Supply Chain
The U.S. Department of Energy (DOE) has announced a nearly $1 billion program to strengthen America’s supply of critical minerals and materials. The funding will support mining, processing, and manufacturing within the country. These materials power clean energy technologies and are vital for national security. This funding builds on President Trump’s Executive Order to Unleash American Energy. It also supports the DOE’s wider Critical Minerals …
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