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Donald Trump has called for wartime power as part of a sparkling effort to increase American mineral production and to prevent the country’s dependence on China for critical resources.
The President signed an executive order on Thursday to combine the industry and by directing the use of defense manufacturing laws to expand the domestic mineral output in national security fields.
The order instructs the government to allow the project to allow the project and to provide loans for domestic growth MiningThe
Talking from the White House on Thursday, Trump It was said that the order would “dramatically increase the production of critical minerals and rare earths”.
This month, Trump’s speech in Congress, this directive came as part of the President’s extensive push to stop the President’s dependence on China, which dominated the supply chain for many critical minerals that Western governments are running to protect.
The Trump administration has already entered the discussion on the access to its minerals with the Congo of the Democratic Republic, and the President’s threat to connect Greenland has been desired to tap its rare earths.
Trump said on Thursday that a suspended agreement would be signed “Shortly” to achieve access to Ukrainian minerals.
“This is a big topic in this country and you know that we are also signing a contract at different places to unlock rare earth and minerals and other things around the world, especially in Ukraine,” he said.
The President was talking before signing a long -propagated executive order to “eliminate” the US Education Department.
In the United States, a major importer of metals, including copper and aluminum, has a wide range of users from construction to energy and technology, as well as less known as rare earth, which is used in defense and automotive sectors.
Thursday’s order instructs Federal Agencies to “compile a list of projects awaiting approval to accelerate [their] According to a White House official, review and progress. “
The President may combine the domestic industry to supply the materials considered for national defense by calling the Defense Production Act, which was passed in the 5th after the onset of the Korean War.
Trump had suggested before that the law was Anti-business However, it was requested on multiple occasions during his first term. After the pressure of legislators and health officials, he used it to accelerate the production of ventilator and private protective equipment during the Covid -1 epidemic in March 2021, but was criticized not to use his power soon.
Former President Joe Biden also invited this law on multiple occasions, including its deficit Child formula And increase the drainage of critical minerals for green energy changes.
The announcement was welcomed by the US mining industry. Rich Nolan, president of the National Mining Association, says it has recognized that expanding the industry has become a “national protection essential”.
“We can finally challenge China’s mineral extortion by encouraging the processes to flow and transparent permissions in combination with the help of financing to fight foreign markets.”
China has a dominant position in many mineral supply chains. Even where China does not dominate any metal mine, it is often a large player of its processing – with lithium, which is used in batteries.
According to JPMorgan, the United States imports about 5 percent of its aluminum needs, most of which comes from Canada. According to ING Bank, it imports about half of copper copper.
