The US Energy Department is proposing putting in nearly $1 billion to accelerate the development of US critical minerals and materials.
The move comes as part of the Trump administration's intention to offer funding to advance and scale up mining, processing, and manufacturing technologies in the critical minerals and materials supply chains. This would be to build up the US's semiconductor building capability.
This could be relevant to insurers and their investment portfolios as they look to diversify and find new sources of yield at a time of lowering interest rates that could make diversifying more attractive.
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