Open the newsletter to watch the White House for free
Your guide to what the American elections mean 2024 for Washington and the world
Donald Trump called the war time forces as part of a comprehensive effort to increase the production of American minerals and reduce the country’s dependence on critical resources.
The president signed an executive order on Thursday to direct the use of the defense production law to mobilize industry and expand the production of local minerals on the basis of national security.
It also guides the government by simplifying the project and providing loans to reinforce the local Mining industry.
Speaking from the White House on Thursday, Trump He said that “it will greatly increase the production of critical metals and rare land.”
This guidance, which was predicted in Trump’s speech to Congress this month, comes as part of a large batch of the president to impose dependence on the United States on China, which dominates supply chains of many critical minerals that Western governments are racing to secure.
The Trump administration has already entered into talks with the Democratic Republic of the Congo on reaching its minerals and the President’s threats to Greenland’s attachment partially driven by the desire to benefit from the rare land.
Trump said on Thursday that a parked deal to reach Ukrainian minerals will be signed “very soon.”
He said: “It is a big thing in this country, and as you know, we also sign agreements in different locations to cancel the establishment of the land, rare minerals and many other things around the world, but in particular Ukraine.”
The president was speaking before signing an executive order for a long time “to start eliminating” the US Department of Education.
The United States is a major importer of minerals, including copper and aluminum, which has a wide range of uses, from construction to energy and technology, as well as those less well -known like rare land, which are used in defense and cars sectors.
Thursday, federal agencies are directed to collect a list of projects awaiting approvals “in order to accelerate and submit (review),” according to a White House official. They will also be allowed to give priority to federal mining lands for other uses and provide loans to new projects through the American International Development Finance Corporation.
By summoning the defense production law, which was issued in 1950 after the outbreak of the Korean war, the president can mobilize the local industry to provide materials that are decisive to national defense.
Trump had previously suggested that the law was Business control But he detained her on multiple occasions during his first term. After pressing legislators and health officials, used it to accelerate the production of industrial respirators and personal protection equipment in March 2020 during the Covid-19 pandemic, but it was criticized for not using its powers sooner.
Former President Joe Biden also summoned the law on multiple occasions, including addressing a deficiency Infant formula And increase the extraction of important minerals for the transmission of green energy.
This announcement was welcomed by the American Mining Industry. Rich Nolan, president of the National Mining Association, said she realized that the expansion of industry has become “the necessity of national security.”
He said: “By encouraging simplified and transparent permits, as well as supporting financing to counter the tampering of the foreign market, we can finally challenge metal extortion in China.”
China occupies a dominant location in many metal supply chains. Even when China does not dominate metal mining, it is often a large player to treat – as with lithium, which is used in batteries.
The United States imports about 80 percent of aluminum needs, many of which come from Canada, according to JPMorgan. It also imports approximately half of the copper that it consumes, according to GJ.
https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fa09ec24c-bbb9-4811-9beb-53cc3df48f55.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1
Source link