The U.S. Department of Energy is awarding $500 million in grants to seven companies for domestic lithium, cobalt, and battery projects, aiming to reduce reliance on China. Lilac Solutions, Jervois, and Nth Cycle each receive $100 million, while others get smaller amounts. This follows President Trump's goal to make the U.S. a minerals superpower.
US awards $500 million in grants for mineral projects
Source: Reuters