"Biden To Use Defense Production Act For U.S. Critical-Minerals Supply"

"The move is intended to boost the U.S. output of materials needed for electric vehicles and other uses, reduce reliance on foreign supply chains".

"The White House might invoke the Defense Production Act as soon as this week to spur greater domestic output of raw materials for clean energy technology products and reduce U.S. dependence on foreign supply chains.

President Biden could issue a presidential determination to encourage domestic production of critical minerals used for stationary large-capacity batteries and those used in electric vehicles, according to an official familiar with the plan who spoke on the condition of anonymity because it hasn’t been formally announced.

The determination would cover minerals such as lithium, nickel, graphite, cobalt and manganese, allowing their producers to get assistance under the Defense Production Act’s Title III fund."

Steven Mufson and Paulina Villegas report for the Washington Post March 30, 2022.

SEE ALSO:

"Russia’s War in Ukraine Reveals a Risk for the EV Future: Price Shocks in Precious Metals" (Inside Climate News)

"Biden’s Boost For Mineral Mining Splits Hill Climate Hawks" (E&E News)