The Department of Energy on Monday announced a new $134 million funding opportunity to strengthen U.S. access to rare earth elements, the minerals essential for manufacturing everything from electric motors to advanced defense systems.
The initiative is aimed at expanding the ability to recover and refine these materials inside the United States, reducing reliance on foreign suppliers.
Rare earth minerals such as neodymium, praseodymium, terbium, and dysprosium play a central role in high-performance magnets, power systems, and modern electronics.
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