Trump claims to invest $3 billion in key minerals

ON 8 AUGUST, UNITED STATES PRESIDENT TRUMP LOCAL TIME ANNOUNCED ON 7 AUGUST THAT THE FEDERAL GOVERNMENT WOULD INVEST $3 BILLION IN A NUMBER OF KEY MINERAL AND BATTERY PROJECTS AIMED AT INCREASING UNITED STATES DOMESTIC PRODUCTION AND, IN SO DOING, PROMOTING NATIONAL SECURITY AND INDUSTRIAL POLICY. THE ANALYSIS INDICATES THAT THE TRUMP GOVERNMENT IS NOW IN DIRE NEED OF VITAL MINERALS TO REPLENISH THE STOCKS OF WEAPONS CONSUMED IN THE CONFLICT WITH IRAN. AT A ROUND TABLE ORGANIZED BY THE UNITED STATES DEPARTMENT OF STATE, TRUMP SAID TO HUNDREDS OF MINING EXECUTIVES, EDUCATORS, INVESTORS AND POLITICIANS: “WE ARE REGAINING AMERICA'S RIGHTFUL PLACE AS THE WORLD'S MINING SUPERPOWER”. IN HIS ADDRESS, HE ANNOUNCED A SERIES OF INVESTMENT PROJECTS, INCLUDING A $1.4 BILLION CONDITIONAL LOAN FROM THE UNITED STATES DEPARTMENT OF DEFENSE TO THE UNITED STATES COMPANY SILANAMI TECHNOLOGIES, WHICH PRODUCES LITHIUM ION BATTERY COMPONENTS, A $400 MILLION CONDITIONAL LOAN TO THE DAILY ENERGY METALS COMPANY, AND A $150 MILLION CONDITIONAL LOAN TO THE NELLIAN MAGNET. THE UNITED STATES EXPORT-IMPORT BANK WILL PROVIDE LOANS TO A NUMBER OF COMPANIES. IN ADDITION, THE UNITED STATES DEPARTMENT OF ENERGY AND THE DEPARTMENT OF DEFENSE WILL PROVIDE $180 MILLION TO HELP STRENGTHEN MINING EDUCATION IN THE UNITED STATES. (CCTV INTERNATIONAL TIMES)