Trump Plans to Boost US Critical Minerals Production

In a recent address, US President Trump announced plans to significantly increase the production of critical minerals and rare earth elements domestically to reduce dependence on China and BRICS nations. This initiative is expected to benefit projects like the Elk Creek Critical Minerals Project in Nebraska, spearheaded by NioCorp Developments Ltd.

The Elk Creek Project, fully permitted for construction, aims to produce niobium, scandium, titanium, and rare earths. These minerals are crucial for US defense systems, currently reliant on imports, especially from China. Industry leaders like Mark A. Smith of NioCorp express support, emphasizing America’s resource potential and the timeliness of the Elk Creek Project.

NioCorp and GreenMet propose government actions including low-interest loans for new mines and expanding the Department of Defense's funding role. The proposed measures aim to establish the US as a leader in mineral extraction and processing, enhancing national security and economic growth.