Aug. 7 at 2:17 PM
$LYSCF Trump will host executives from some of the world's largest mining companies at the State Department on Friday as his administration accelerates efforts to secure critical minerals essential for defence manufacturing and national security.
The meeting comes as Washington looks to replenish military stockpiles depleted during the recent Iran conflict while reducing dependence on Chinese-controlled mineral supply chains. Critical minerals such as rare earths, tungsten, germanium and scandium are vital for manufacturing precision-guided missiles, fighter aircraft, armoured vehicles, infrared sensors and other advanced defence systems
According to Reuters, industry leaders expected to attend include Rio Tinto, BHP Group, Freeport-McMoRan, MP Materials, USA Rare Earth, Energy Fuels and The Metals Company
The administration is also expected to announce several investment agreements and memorandums of understanding aimed at boosting domestic mining and mineral processing capacity