By Daily Mail (U.S.) | Created at 2026-08-07 23:50:49 | Updated at 2026-08-09 04:40:32
1 day ago
A deep-sea mining executive arrived at a roundtable with Donald Trump equipped with a perfect souvenir suited for the President – a literal ball of gold.
The President hosted a roundtable event at the State Department on Friday where he announced a $100 million investment into US mining universities.
Sitting around a U-shaped table with Trump in the middle, top Cabinet members and mining industry executives and professors praised the President's policy announcement.
But American Ocean Minerals Chairman Tom Albanese clearly caught the President's attention.
He brought with him a small golden ball that he claimed was a replica of a deep-sea nodule, a natural ball-like formation full of rare metals that take millions of years to develop in the deepest parts of the sea.
Trump's eyes widened upon seeing the gold, and the meeting turned into a bit of show-and-tell.
'Where's the gold? I want the gold. Would you send it to me? Let me see what it looks like,' Trump asked. The executive, who was sitting near the end of the table, passed it towards the President.
'It should be heavy,' the 80-year-old Republican said in anticipation. After a chain of handoffs, it arrived into the President's grasp. 'It is. It is heavy! That's fantastic,' the President continued shaking the ball of gold up and down, eliciting some laughs.
President Donald Trump grins as he holds a gold replica of a deep sear nodule he was gifted during a Friday roundtable on US mining
The gift was given by American Ocean Minerals Chairman Tom Albanese
The President announced a $100 million investment into US mining schools at the event
The event highlighting investments falls in line with the administration's wider objective of delivering US mineral independence.
China has dominated rare earth metal mining and refining for years. It has a stranglehold on many of the rare elements, magnets and materials that go into critical technologies used globally.
Cell phones, US military fighter jets, cars, CT and MRI medical scanners and more all need difficult-to-find materials that nearly always are made in China.
China retains a dominant position in critical minerals, accounting for about 70 percent of rare earth mining and 90 percent of refining.
'Critical minerals are the raw materials of American strength that power everything from advanced weaponry to automobiles, and we want these essential products to be mined, refined, and made right here in the USA with the American skill and American hands,' Trump said.
'We have better skill. We have better hands than anybody in the world.'
The President claimed that the US is opening mines at the fastest pace in 70 years, since the 1950s.
'It's going to keep us nice and young and vibrant. The schools came to us seeking 10 million dollars per year in funding,' Trump said. 'We’re thrilled to announce that we're delivering 100 million dollars to train the next generation of American miners.'
Secretary of State Marco Rubio, Secretary of Commerce Howard Lutnick and Interior Secretary Doug Burgum also attended the roundtable, delivering updates on how their departments are pushing policies to promote domestic mining.
Rubio joked that he didn't want the President to steal any more paintings or decor from the State Department. Trump said that he had and, in jest, pointed out how much he likes the chandeliers, musing over taking those back to the executive's residence.
