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

Anthropic sues Trump administration over Pentagon blacklist
World

Anthropic sues Trump administration over Pentagon blacklist

U.S. President Donald Trump, Secretary of Defense Pete Hegseth behind, speaks to reporters aboard Air Force One on a flight from Dover, Delaware, to Miami, Florida, U.S., March 7, 2026. Kevin Lamarque | Reuters Anthropic filed a lawsuit against the Trump administration on Monday after the artificial intelligence startup was blacklisted and labeled a threat […]

Read More
The Iran war has put the brakes on the next Bank of England rate cut
World

The Iran war has put the brakes on the next Bank of England rate cut

A road closure sign leans against a wall outside Royal Exchange in the heart of the City of London, on 13th June 2022, in London, England. Richard Baker | In Pictures | Getty Images Before the war in Iran erupted, the Bank of England was widely predicted to be on course to cut interest rates […]

Read More
The U.S.-Iran war is the biggest oil supply disruption in history
World

The U.S.-Iran war is the biggest oil supply disruption in history

The U.S. war against Iran has triggered the largest oil supply disruption in history, more than double the previous record set during the Middle East crisis of the 1950s, according to an analysis by consulting firm Rapidan Energy. About 20% of the world’s oil supply has been disrupted for nine days now as tanker traffic […]

Read More