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US miners and battery recyclers seek to close $billions in gov't loans before year-end to avoid potential Trump blockade, essential for EV market growth & domestic critical minerals projects.
US miners and battery recyclers are urgently seeking to close government loans worth billions of dollars before the end of the year, due to concerns that former President Trump could have blocked funding needed to boost American production of critical minerals for the energy transition.
The loans, awarded by the U.S. Department of Energy's Loan Programs Office, are essential to the growth of these companies in the electric vehicle market, and without them, many domestic critical minerals projects could be frozen in the planning stage, potentially crippling the Western EV supply chain and allowing China to increase its market share.
Los mineros y recicladores de baterías estadounidenses buscan cerrar miles de millones de dólares en préstamos del gobierno antes de fin de año para evitar el posible bloqueo de Trump, esencial para el crecimiento del mercado de EV y los proyectos nacionales de minerales críticos.