Biden to spur domestic critical mineral production
US president invokes the Defense Production Act to expand domestic supply as administration seeks to curb reliance on imports
US president Joe Biden has invoked the Defense Production Act to incentivise the production and recovery of critical minerals used in electric vehicle (EV) batteries. The move adds lithium, nickel, cobalt, graphite and manganese to the list of items covered by the Defense Production Act, a law dating from the Korean War that allows the president to use emergency authority to expand domestic supply of certain types of products. “It is the policy of my administration that ensuring a robust, resilient, sustainable and environmentally responsible domestic industrial base to meet the requirements of the clean energy economy, such as the production of large-capacity batteries, is essential to our
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions