defense production act critical minerals

#Defense production act critical minerals how to#

The combined 100-Day Report contains an Executive Summary that identifies common vulnerabilities and policy recommendations across each of the four critical supply chains.

As discussed below, the 100-Day Report contains important recommendations and funding proposals designed to address current shortcomings – and to create new opportunities in – the critical minerals and materials sector, which plays an important role in the economic and national security of the United States and its global allies and partners. This document is one of four Industry-Specific Primers on each critical supply chain that was covered in the Biden Administration’s 100-Day Report. Department of Defense (“DoD”) (the “Critical Minerals and Materials Report”). This Industry-Specific Primer focuses on the “ Critical Minerals and Materials” report that was coordinated by the U.S. As we wrote in February, the 100-day reports will be followed by six additional sectoral-specific supply chain assessments that are due by February 24, 2022, which is the one-year anniversary of E.O.

The reports were consolidated into one document (the “100-Day Report”) that also includes a summary of key takeaways for all four designated critical supply chains. On June 8, the Biden Administration also issued a Fact Sheet and held a press briefing about the reports. On June 8, 2021, the Biden Administration issued the reports mandated by the Executive Order on America’s Supply Chains (the “America’s Supply Chains E.O.” or the “E.O.”), which directed the federal government to assess the supply chains of four critical products: (1) semiconductor manufacturing and advanced packaging (2) large capacity batteries (3) critical minerals and materials and (4) pharmaceuticals and active pharmaceutical ingredients. Special Purpose Acquisition Companies (SPACs).Environmental, Social and Governance (ESG).Artificial Intelligence and Machine Learning.Automotive, Transportation and Mobility.International Arbitration and Litigation.Appellate, Constitutional and Administrative Law.Special Matters and Government Investigations.National Security and Corporate Espionage.Middle East and Islamic Finance and Investment.Employee Benefits and Executive Compensation.It could also prompt Congress to dedicate more money to such efforts, the people said.Ĭopyright ©2023 Dow Jones & Company, Inc.

#Defense production act critical minerals how to#

The designation could help mining companies access government funding for feasibility studies on mining development, productivity and safety improvements, or on how to wring more of these metals out of ore already produced at facilities operating in the U.S. The administration would include minerals like lithium, nickel and graphite, cobalt and manganese under the Korean War-era national security mobilization law, the people said. President Biden is considering invoking the Defense Production Act as soon as this week to boost domestic production of minerals used in batteries needed for electric vehicles and other clean-energy technology, said people familiar with his plans. Photo: STR/Getty Images, Oliver Bunic/AFP/Getty Images But extraction of the metal is time consuming and potentially harmful to the environment, and plans to produce more have prompted protests. Lithium prices are rising as demand for the key ingredient in electric car batteries grows, amid a broader push to move away from oil and gas.