U.S. President Donald Trump is preparing to invoke the Defense Production Act to send nearly $700 million to support coal plants, reported Reuters, citing a White House official. The 1950 law grants presidents wide authority over national security-related industries.
Read MoreThe Department of Defense has awarded Canadian-based South Star Battery Metals a $3.2 million grant to support production at its BamaStar graphite project in Alabama. Full story.
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Essential element company Albemarle has received approval from the U.S. Department of Defense for $90 million in grant money to back the restart of the Kings Mountain mine in North Carolina. Full story.
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