The US strengthens their support for critical minerals supply from allied countries, in response to Chinese export controls.
BESS is recognised as being essential to US national security, and it is growing into a significant market for our graphite.
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January 8, 2025
Washington, DC – The Export-Import Bank of the United States (EXIM) Board of Directors today approved a bold new financing tool designed to strengthen U.S. supply chains, reduce reliance on the People’s Republic of China (PRC) for critical minerals and rare earth elements, and safeguard American jobs.
The Supply Chain Resiliency Initiative (SCRI) provides targeted financing to develop projects that secure critical minerals and rare earth elements, essential for transformative technologies like battery storage and semiconductors, from trusted international partners.
“Clean energy cost savings for consumers and businesses require the United States to work collaboratively with our allies to derisk critical mineral supply chains, particularly in mineral processing,” said Rep. Kathy Castor.
https://www.exim.gov/news/export-import-bank-united-states-board-directors-approves-supply-chain-resiliency
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