News Trump to Expand Critical Mineral Output Using Wartime Powers

[DarkStar]

https://finance.yahoo.com/news/trump-expand-critical-mineral-production-201457579.html

President Donald Trump is invoking emergency powers to boost the ability of the US to produce critical minerals — and potentially coal — as part of a broad effort to ramp up the development of domestic natural resources and make the country less reliant on foreign imports.

Rare Zion Don W

An executive order signed by the president Thursday taps the Defense Production Act as part of an effort to provide financing, loans and other investment support to domestically process critical minerals and rare earth elements, according to a White House official.

Good, I'm quite a fan of minerals

The US International Development Finance Corporation, working with the Department of Defense, will provide financing for new mineral production projects.

Prepping for WWIII?

The order, which also encourages faster permitting for mining and processing projects and a directive for the Interior Department to prioritize mineral production on federal land, comes as a direct response to long-held concerns among the US and allies that China overwhelmingly controls the processing of some of the most important critical minerals.

While I myself, am not opposed to China having its own sphere secured, I personally would rather the US & Europe have a clear substantial amount of critical minerals if needed.

Despite possessing some critical minerals, the US currently imports a significant amount, creating economic and security risks, according to the White House. The administration said the US is import-reliant on at least 15 critical minerals and that 70% of imports of rare earths come from China.

That's not good, especially considering how critical many of these are for batteries & the such.

The Trump administration will also coordinate with the private sector to ensure a stable and resilient domestic supply chain for critical minerals, which under the executive order includes uranium, copper, potash, gold, as well as any other element, compound, or material as determined by the chair of the National Energy Dominance Council, the White House official said. That designation could also cover coal, the official added.

Ideally, it would be coordinating with various established sectors of society headed by the workers who manage them.

 

[Kurt Cobain]

Happening?