While many are off to enjoy their Summer holidays, critical minerals markets have been slowing down; nevertheless, the U.S. again emphasized its intent to reshore critical minerals projects this week, with President Trump announcing billions for the sector.
USA: Billions for Critical Minerals Projects
The U.S. government has announced new financing for critical mineral supply chains. Projects involving rare earths, battery materials, graphite, and niobium are among those expected to benefit. However, figures for the total funding amount are conflicting, and its exact composition remains unclear.
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Critical Infrastructure and Raw Materials: BofA Aims to Mobilize $250 Billion
Bank of America has announced a new “Critical Infrastructure Finance Initiative” aimed at mobilizing $250 billion for strategically important infrastructure projects in the United States. The initiative covers sectors including data centers and digital infrastructure, semiconductors, energy generation and storage, natural gas, water, transportation, as well as critical raw materials and mining.
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High Technology Metal Prices Boost Neo Performance Materials
Neo Performance Materials posted strong growth in the second quarter of 2026. The Canadian rare earths and critical materials specialist benefited from robust demand and a continued favourable pricing environment.
Revenue rose by around 79% year on year to $205.7 million. The Rare Metals segment once again recorded particularly strong performance.
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