Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » $10m funding approved to support US critical mineral supply chains
    Metal Industry

    $10m funding approved to support US critical mineral supply chains

    userBy userSeptember 23, 2024No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The U.S Department of Energy (DOE) has announced $10m funding to support the nation’s critical mineral supply chains.

    The investment will fund two projects spearheaded by the California Institute of Technology and the University of Utah that aim to reinforce US critical mineral supply chains to help drive the country’s green transition.

    The project will help lower the costs and improve the sustainability of producing critical minerals, such as rare earth elements, from coal, coal wastes, and coal by-products.

    Critical minerals are essential for developing a range of green technologies, including solar panels, wind turbines, electric vehicles, and hydrogen fuel cells.

    To meet the growing demand for these technologies, projects such as these will be instrumental in the US reinforcing supply chains and reducing dependence on imports.

    Secretary of Energy Jennifer Granholm commented: “President Biden’s Investing in America agenda is reducing the nation’s dependence on foreign supply chains by reimagining the use of coal waste and by-products as a domestic source of the critical minerals needed for clean energy technologies.

    “The investments announced today will not only increase our national security and ensure a cleaner environment but will also help deliver high-quality jobs throughout the country.”

    Reducing dependence on critical minerals imports

    The US imports over 80% of its rare earth elements despite their natural abundance in domestic coal reserves, waste coal, and coal by-products.

    With over 250 billion tonnes of coal reserves, 4 billion tonnes of waste coal, and 2 billion tonnes of coal ash, the DOE aims to utilise these secondary and unconventional resources.

    This latest initiative seeks to establish US critical mineral supply chains, bolstering economic growth, clean energy deployment, and national security.

    Overview of projects

    Two projects have been selected to advance laboratory and bench-scale testing for improving the economic viability of rare earth elements and critical mineral separation and refining technologies.

    These projects will utilise secondary and unconventional coal-based resources to produce rare earths and critical minerals for clean energy, national defence, and commercial products.

    The California Institute of Technology will integrate both traditional and innovative methods to achieve high-purity rare earth elements and generate critical minerals.

    The University of Utah will use advanced mineral and chemical separation technologies to produce high-purity rare earth oxides, salts, metals, and critical minerals from low-grade coal by-products.

    These projects will be managed by the DOE’s National Energy Technology Laboratory (NETL) under the Office of Fossil Energy and Carbon Management (FECM).



    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleBill Gates Says If He Started Microsoft Today, He’d Focus On This Industry Instead
    Next Article Volcon speeds up electric UTV production By Investing.com
    user
    • Website

    Related Posts

    Kazakhstan asserts strategic influence in rare and rare-earth metals markets

    May 10, 2025

    Appraising Minister’s Visit to Steel Operators in Nigeria

    May 2, 2025

    The direct impact of this “reciprocal tariff” on China’s nonferrous metal industry is limited

    May 2, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d