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The Business of War: Trump’s Critical Minerals Grift

16 0
26.07.2026

A US$1.5 trillion defense budget isn't an accident; neither is the hunt for critical minerals, which the United States is fighting over with the same hunger it once reserved for oil. Under President Donald Trump, war has become more of a business plan than a matter of security. Strategic military moves are lining the pockets of Trump's friends and family with money. This includes the critical minerals rush to fatten Trump’s profitable war machine.

Feeding the War Machine

On February 28, the US and Israel began a ruthless bombing campaign in Iran, killing over 3,000 people in just 39 days, the majority of whom were civilians. Trump campaigned on “ending wars,” but instead has expanded military interventions and escalated new conflicts. In the first 11 months of his second term, Trump has bombed seven countries: Iran, Iraq, Nigeria, Somalia, Syria, Venezuela, and Yemen. He also threatened to take over Greenland by force to create missile defense bases and mine for minerals.

War-hungry Trump needs a powerful and constantly replenished arsenal, as his wars deplete weapon stockpiles. Military aggression in West Asia, particularly the war with Iran, has burned through the munitions faster than defense factories can replace them. The US used over 45% of its Precision Strike Missiles, about half of its THAAD and Patriot PAC-3 interceptors, nearly one-third of its Tomahawks, and over a fifth of its JASSMs in its war with Iran. These weapons rely heavily on critical minerals, leaving the US desperate for more to rebuild.

As exposed by the Oakland Institute in its recently released report, a key driver of the current race for critical minerals is the military-industrial complex. Military spending in the United States is growing rapidly, and with it, the need for critical minerals. Trump's proposed 2027 defense budget is a shocking US$1.5 trillion, almost twice the 2023 budget. The only thing a budget this large signifies is plans for future military expansion and campaigns. To support this growth, up to US$100 billion was allocated to the Department of War by Trump's “One Big Beautiful Bill Act” to produce critical minerals and related industries and projects.

AI, Critical Minerals, and Modern Warfare

This record-high military budget isn't just for building more of the same defense machines. The military is expanding its tech capabilities, with a plan for an “AI-first warfighting force.” The Trump administration has declared that its priority is to secure critical minerals for “vital national security and economic activities, including rising military threats and growing high-tech industries, such as artificial intelligence, data centers, nuclear energy, and new energy technologies.”

This web between the government, tech and AI corporations, mining companies, venture capital firms, and military institutions has emerged around a common goal: securing critical minerals and advancing the use of AI in the military.

In 2022, the Pentagon awarded US$9 billion of contracts to Google, Oracle, Microsoft, and Amazon to develop and manage the US military's cloud computing infrastructure. In addition, the Department of War has administered US$75 billion to AI-driven programs and another US$9 billion to data centers since 2016. Since 2020, the Pentagon's contracts with AI firms have grown exponentially, with Palantir Technologies and Anduril Industries seeing the fastest growth. Palantir was the lead contractor on the Maven Smart System, which enabled the US........

© Common Dreams