Trump Signs Executive Order to Boost U.S. Critical Mineral Supply Chain
Автор: WealthWise
Загружено: 2025-03-24
Просмотров: 602
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The executive order invokes the Defense Production Act to boost domestic processing of critical minerals and rare earth elements through financing, loans, and other investment support, Bloomberg reported, citing a White House official.
Critical minerals are essential for batteries, defense systems, and national energy security.
The U.S. remains heavily reliant on imports for at least 15 critical minerals, with 70% of rare earth imports coming from China.
China produces about 60% of the world’s mined rare-earth minerals and controls 91% of refining activity.
The Trump administration aims to strengthen domestic supply chains by coordinating with the private sector and expanding the list of critical materials, including uranium, copper, potash, gold as well as any other element, compound, or material as determined by the chair of the National Energy Dominance Council.
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