Trump Is Spending Billions On The Minerals That Power EVs
President Trump announced a $3B federal investment in critical minerals projects, including a $1.4B loan to Sila Nanotechnologies for battery materials and $435M to Lithium Americas for its Thacker Pass lithium project. The funding aims to boost domestic production and reduce reliance on China, with implications for EV and clean energy sectors. Other recipients include Westwater Resources and Niron Magnetics. The initiative follows Project Vault, a $12B public-private effort to stockpile critica
