US backs Australian scandium mine to diversify critical minerals supply
TL;DR Summary
The US DoD announced a $400 million conditional loan to Sunrise Energy Metals to build the Syerston Scandium Project in Fifield, NSW—the world’s first primary scandium mine—aimed at securing Western supply amid China’s export controls; the project is part of a broader push including a bilateral critical minerals pact and a planned $3 billion in investments to boost domestic production for defence, aerospace and telecom tech.
- US announces $400m investment in Australian rare earth mine aljazeera.com
- Trump announces $180 million to boost mining education CBS News
- Trump administration to invest $3 billion in minerals projects to boost U.S. defense supply chains CNBC
- PROSPECT: Providing Opportunities for Specialized Education in Critical Technologies Department of Energy (.gov)
- Trump Administration to Award $2 Billion to Battery, Materials Companies WSJ
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