The US Export-Import Bank will invest $100 billion to secure critical minerals, nuclear energy, and LNG supply chains in response to US and allied reliance on China and Russia. New deals include $4 billion in LNG delivery from Egypt and a $1.25 billion loan for a mine in Pakistan.

Ex-Im Bank has $100 billion to deploy and authorized $8.7 billion in new transactions in the past year. The focus is on bringing US energy exports worldwide. Ex-Im is actively discussing nuclear projects in southeast Europe and mining projects for uranium to decrease reliance on China and Russia.

The bank is shifting focus to support LNG exports and energy security, moving away from renewable energy projects. The Trump administration is emphasizing the need to reduce dependence on China for metals. Ex-Im aims to finance critical minerals projects and is working on deals to secure supply chains with Australia.

Ex-Im Bank is actively supporting US energy exports, nuclear projects in Europe, and critical minerals projects to reduce reliance on China and Russia. The bank aims to secure supply chains and boost US energy security globally.

Read more at Yahoo Finance: America’s $100 Billion Plan to Ensure Energy Security