The Trump administration plans a series of “historic deals” with the U.S. mining sector to expand domestic production of critical minerals vital to national defense and high-tech industries. Earlier moves included taking equity stakes in companies developing lithium, rare earths, and other strategic resources as part of a broader effort to reduce reliance on foreign suppliers, particularly China. 

Officials argue that strengthening domestic supply chains is essential for economic security and long-term competitiveness. Momentum is already building, with plans underway to construct the first U.S. minerals refinery in decades with federal financial backing. 

The strategy also includes accelerating major mining projects in states such as Alaska and Arizona, including large-scale copper developments led by global miners.

Finsum: Together, these initiatives signal a concerted push to revitalize U.S. mining and lead to a sectoral boost.