U.S. miners and battery recyclers are in a rush to secure government loans before January due to uncertainty over the future administration's support for critical minerals.
With tumbling prices for lithium and nickel, the U.S. mining industry feels compelled to seek federal support, contrary to its traditional conservative stance.
The urgency is driven by concerns that a potential Trump presidency would halt essential funding for mineral production crucial for electric vehicle manufacturing.
Leaving no room for complacency, the mining sector is racing against time as the average Loan Programs Office loan of $1 billion requires comprehensive review.
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