US President Joe Biden on Tuesday met with Administration and state partners, industry executives, community representatives, labor leaders, and California Governor Gavin Newsom to announce investments in domestic production of key critical minerals and materials, the White House said.Biden is touting progress by government and private industry to boost American production of minerals used to make electric vehicles and other renewable energy products key to the transition to a greener economy. Washington has become increasingly concerned that low US production of critical minerals essential for the construction of clean energy technologies could leave it beholden to China and other nations that have heavily invested in mining.SIGN UP FOR THE BATTERY METALS DIGESTSIGN UPThe Biden administration said it aims to support mining projects “ensuring these resources benefit the community, and creating good-paying, union jobs in sustainable production.” “We can’t build a future that’s made in America if we ourselves are dependent on China for the materials that power the products of today and tomorrow,” Biden said at a White House event.The president emphasized that new mines must benefit host communities, not damage the environment, and said he would not support new US mines unless “the historical injustices that too many mining operations have left behind” are avoided. QUOTE ARR is well represented with Federal & State authorities as well as Government research facilities to create mining & processing technology in the US IMO
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)