Global drugmakers invest billions to boost U.S. presence

Global drugmakers are expanding their U.S. footprint, pledging billions of dollars to ramp up manufacturing capacity and research in the country.

Korea Zinc, the world’s leading metal refiner, is gaining significant traction from Washington’s recent announcement on securing China-free critical mineral supply chains spanning mining, processing, refining and manufacturing within the US. On Friday, US President Donald Trump introduced a $3 billion critical minerals

Trump administration to invest $3 billion in minerals projects to boost US defence supply chains  Dawn

The Pentagon is investing more than half a billion dollars to expand an Australian critical mineral project poised to become the world's first scandium mine.

Minerals including rare earths, tungsten, germanium and scandium are essential for precision-guided missiles and other advanced weapons.

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

WASHINGTON, Aug 7 - U.S. President Donald Trump will convene executives from some of the world's largest mining companies at the State Department on Friday as his administration intensifies efforts to secure domestic and allied supplies of critical minerals, a cornerstone of its national security and industrial policy.

The Trump administration is paying yet another company more than $1 billion to give up the rights to produce wind off the U.S. coast, the firm announced Thursday. RWE U.S. Offshore, a subsidiary of German energy company RWE, issued a press release saying it will receive $1.22 billion in settlement funds and give up its

German energy developer RWE has agreed to cancel three offshore wind leases it holds in United States waters after striking a $1.22 billion agreement with the Trump administration to reinvest funds in fossil fuel infrastructure.  With this new deal, the Trump administration is spending nearly $4 billion to stifle wind

The US will ban exports of tungsten scrap and recycled battery materials from later this month, less than a week after President Donald Trump handed authorities power to keep potentially critical materials inside the country.