Dec 15 (Reuters) - The Trump administration plans more
"historic deals" with the U.S. mining sector to boost production
of critical minerals for the national defense and high-tech
sectors, a senior official said on Monday.
Earlier this year, the administration took equity stakes in
MP Materials ( MP ), Lithium Americas ( LAC ) and Trilogy
Metals ( TMQ ). The transactions were part of President Donald
Trump's push to increase domestic production of lithium, rare
earths and other minerals used for the national defense and rely
less on China, which has used its minerals prowess as leverage
in trade negotiations.
"What we want to see is the ability for the U.S. to not be
reliant on any adversary out there or any other foreign entity,
that we control our own destiny when it comes to our supply
chain and our critical minerals," Jarrod Agen, executive
director of the White House's National Energy Dominance Council,
said on Monday.
"We've set a good pace so far, but this is just the first
year."
On Monday, Korea Zinc said it would build the
first U.S. minerals refinery in decades with Washington's
financial support.
"You're going to see throughout this administration historic
deals when it comes to critical minerals, historic partnerships
with the private sector, and then really a revitalization of
mining in this country," Agen told a critical minerals
conference hosted by the Center for Strategic and International
Studies in Washington, D.C. The remarks were webcast.
Agen, who previously held roles at defense contractor
Lockheed Martin ( LMT ), said Trump aims to "jumpstart" mining
projects in Alaska and also in Arizona, where Rio Tinto
and BHP aim to build one of the world's largest copper
mines.