U.S. to invest $3 billion in minerals projects to boost supply chains

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 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.