Trump signs order to increase critical mineral production in the U.S.

Trump signs order to increase critical mineral production in the U.S.


U.S. President Donald Trump speaks during the signing event for an executive order to shut down the Department of Education, in the East Room at the White House in Washington, D.C., U.S., March 20, 2025. 

Carlos Barria | Reuters

President Donald Trump on Thursday signed an executive order to increase domestic production of critical minerals, including uranium, copper, potash, gold and possibly coal.

Trump directed federal agencies to compile lists of pending mineral projects and expedite their review in coordination with the National Energy Dominance Council led by Interior Secretary Doug Burgum, a White House official said.

The president also directed Burgum to prioritize critical mineral production on federal lands over other activities, the official said. Burgum can determine whether other minerals, such as coal, are covered by the order, according to the official.

Trump will use the Defense Production Act to increase mineral production, the official said. President Joe Biden also invoked the DPA to boost critical minerals output in 2022.

The United States International Development Finance Corporation will fund new production projects through a dedicated critical minerals allocation in cooperation with the Defense Department, the official said.

The U.S. imported 46% of its copper and 91% of its potash in 2023, according to the U.S. Geological Survey. Potash is a key fertilizer used in agriculture. Nuclear plants in the U.S. imported 99% of the uranium concentrate used to make reactor fuel in 2023, according to the Energy Information Administration.



Source

Here are four key takeaways from Europe’s central banks’ final rate decisions of 2025
World

Here are four key takeaways from Europe’s central banks’ final rate decisions of 2025

Thursday’s bonanza of four European central banks announcing interest rate decisions was as expected: the European Central Bank, Norges Bank, and Riksbank held their rates, while the Bank of England cut. But there were hints at what’s ahead for 2026. Here are four key takeaways. 1. The BoE voted to cut, but only just The […]

Read More
Micron stock pops 13% as AI memory demand soars: ‘We are more than sold out’
World

Micron stock pops 13% as AI memory demand soars: ‘We are more than sold out’

The Micron logo is seen displayed at the 8th China International Import Expo. Sheldon Cooper | Lightrocket | Getty Images Micron Technology‘s stock jumped 13% after the company signaled robust demand for its memory chips and blew away fiscal first-quarter estimates. During an earnings call with analysts, Micron, which makes memory storage used for computers […]

Read More
Putin ally tells CNBC using frozen Russian assets is a ‘dead end’
World

Putin ally tells CNBC using frozen Russian assets is a ‘dead end’

Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban during their joint press conference at the Kremlin on July 5, 2024. Contributor | Getty Images News | Getty Images One of Russia’s last remaining allies in the European Union told CNBC he believes there is no way forward for proposals to fund the rebuilding […]

Read More