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Austin-based autonomous vessel maker Saronic Technologies plans to invest $3.2 billion to build a new shipyard at the Port of Brownsville, Texas, aiming to create up to 10,000 jobs and advance U.S. maritime manufacturing capabilities.
The American Iron and Steel Institute (AISI) has announced a 6.2% increase in US mill shipments in May compared to April. This uptick in domestic steel shipments could have positive implications for American industry, production, and supply chains.
Brett Velicovich, co-founder of Powerus and a U.S. Army veteran, discusses the company’s efforts to localize the drone manufacturing process in the United States. This move could have implications for American industry and skilled workers involved in defense production.
Toyota announced a $3.6 billion investment to shift most production of its Tacoma midsize pickup truck from Mexico to its San Antonio, Texas facility. The move will create over 2,000 jobs and expand plant capacity by 150,000 units annually.
The industrial boom is driving record manufacturing construction spending and capacity, but a growing skilled labor shortage threatens production and reshoring efforts. Workforce training initiatives are emerging to address the gap.
The US Department of Energy has announced up to $17.5 billion in conditional loans to bolster nuclear supply chains and new reactor projects. This initiative could provide a significant boost to American industry and support advancements in clean energy production.
Metals Australia’s Canadian subsidiary, Northern Resources, has announced strong prefeasibility study results for the Lac Carheil graphite project in Québec. The study confirms the viability of a proposed flake graphite concentrate plant, positioning it to support future North American and global battery supply chains, which could have implications for American industry and supply chains.
During a meeting with the Congressional Steel Caucus, domestic steelmakers highlighted that robust trade enforcement and Section 232 tariffs are driving increased production, new investments, and the reopening of facilities across the country. This development underscores the positive impact of these measures on American steel industry competitiveness and workforce stability.
The U.S. Department of Energy is providing $134 million for two projects focused on rare earth elements (REEs) that will enhance domestic supply chains. These projects aim to showcase the commercial viability of extracting and refining REEs from unconventional sources like mine tailings and electronic waste, potentially benefiting American industry and supporting energy independence.
Phillips 66 has started building the 300 MMcfd Iron Mesa gas plant near Goldsmith, Texas, expanding its gas processing capacity in the Permian Basin with startup expected in early 2027.
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