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Trump Administration Announces $3 Billion Investment in Minerals to Boost Defense Supply Chains

Trump Administration Announces $3 Billion Investment in Minerals to Boost Defense Supply Chains

Trump Administration Announces $3 Billion Investment in Minerals to Boost Defense Supply Chains
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Commerce Secretary Howard Lutnick Supports Critical Minerals Deals to Counter China

Commerce Secretary Howard Lutnick Supports Critical Minerals Deals to Counter China

The United States has announced several critical minerals agreements with multiple mining companies, aiming to reduce China's dominance in the production and processing of strategic materials. President Trump, during a round table with global mining industry executives, emphasized the importance of ensuring America is not reliant on hostile foreign nations for essential resources. The measures include approximately $2 billion in investments in various mining projects domestically and internationally, along with over $180 million allocated for mining workforce development. Commerce Secretary Howard Lutnick and Secretary of State Marco Rubio have also expressed concerns over China's control in this sector.
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Trump administration to invest $3 billion into minerals projects to boost US defense supply chains

Trump administration to invest $3 billion into minerals projects to boost US defense supply chains

By Jarrett Renshaw and Ernest Scheyder WASHINGTON, Aug 7 (Reuters) - U.S.
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Analysis-'Build it in Mar-a-Lago!' Trump's aluminum smelter upends Oklahoma governor's race

Analysis-'Build it in Mar-a-Lago!' Trump's aluminum smelter upends Oklahoma governor's race

By Ernest Scheyder Aug 7 (Reuters) - U.S. President Donald Trump's push to build the Western Hemisphere's largest aluminum smelter in rural Oklahoma has divided the state's Republican voters and emerged as a key issue in the contentious race to be the next governor.
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Trump to host mining CEOs as administration seeks minerals for defense supply chains

Trump to host mining CEOs as administration seeks minerals for defense supply chains

By Jarrett Renshaw and Ernest Scheyder WASHINGTON, Aug 7 (Reuters) - U.S.
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Exclusive-Trump administration to back three mineral projects with $58 million in financing

Exclusive-Trump administration to back three mineral projects with $58 million in financing

By Jarrett Renshaw and Ernest Scheyder WASHINGTON, Aug 7 (Reuters) - The U.S.
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Veteran economist, insider Matsumoto wins Senate approval as BLS commissioner

Veteran economist, insider Matsumoto wins Senate approval as BLS commissioner

By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - The U.S. Senate on Friday approved career economist Brett Matsumoto as commissioner of the Bureau of Labor Statistics, potentially easing trust concerns after President Donald Trump fired the previous head a year ago over weak employment numbers.
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Trump renews effort to fire Fed's Cook, continuing attacks on central bank

Trump renews effort to fire Fed's Cook, continuing attacks on central bank

By Humeyra Pamuk and Ryan Patrick Jones Aug 7 (Reuters) - U.S. President Donald Trump is renewing his effort to fire Federal Reserve Governor Lisa Cook, keeping alive his assault on the central bank's independence even after the U.S.
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US Senate passes Russia sanctions championed by Graham; US House next

US Senate passes Russia sanctions championed by Graham; US House next

By Patricia Zengerle WASHINGTON, Aug 7 (Reuters) - The U.S. Senate easily passed sweeping Russia sanctions legislation on Friday, advancing a long-delayed measure backed by late Senator Lindsey Graham and setting the stage for consideration by the House of Representatives within weeks.
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Lockheed Martin Seeks U.S.-Produced Minerals Amid New Sourcing Rules

Lockheed Martin Seeks U.S.-Produced Minerals Amid New Sourcing Rules

Lockheed Martin is actively pursuing supplies of critical minerals from North American producers in response to a new Executive Order by President Donald Trump. The order limits waivers for defense contractors to source minerals from foreign countries, aiming to strengthen domestic supply chains and reduce reliance on China. Lockheed is in talks to source scandium from NioCorp Developments and germanium from Teck Resources and 5N Plus. These minerals are essential for military electronics and other defense applications. The U.S. Geological Survey notes that the country imports more than half of its germanium needs, highlighting the importance of developing domestic sources.
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MP Materials Sees Stock Surge Amid Rising Demand for Rare Earths

MP Materials Sees Stock Surge Amid Rising Demand for Rare Earths

MP Materials Sees Stock Surge Amid Rising Demand for Rare Earths
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Analysis-Trump loses 21 straight court battles for state voter rolls as midterms near

Analysis-Trump loses 21 straight court battles for state voter rolls as midterms near

By Luc Cohen Aug 7 (Reuters) - The Trump administration's streak of courtroom defeats in its effort to obtain state voter rolls reached 21 this year when a judge ruled this week that states are not required to share the records with the federal government.