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Trump announces $560m critical minerals investment in NSW
The Pentagon is investing over half a billion dollars to support a key Australian mineral project geared for scandium production.
Former President Trump announced a significant investment of $560 million by the Pentagon to expand a critical mineral project located in a small town in New South Wales, Australia. This initiative aims to develop what is set to become the world's first scandium mine.
The investment is part of efforts to bolster critical mineral supplies, which are essential for various technologies and industries, underscoring the growing importance of securing domestic sources of these materials.