US Shops For Critical Minerals In Canada While Shutting Down Mining Projects On American, expert tells congress need US mining , plenty of supply…

President Joe Biden is looking north for critical mineral supplies to meet government-inflated demand for clean-energy initiatives while the administration shuts down major mining projects on American soil.

In March, the president invoked the Defense Production Act to expedite the expansion of U.S. mining operations behind lithium, nickel, cobalt, graphite, and manganese as demand rises for the raw materials. Not only are the critical minerals central to the administration’s subsidized wind and solar farms, but they are essential for defense technologies and popular products from cell phones to laptops.

Biden triggered the Cold War-era law to reconfigure supply chains of critical minerals away from dependence on China, which dominates refining capacity and production of rare earth elements. The president invoking the Defense Production Act offers federal financial assistance to “domestic” projects securing American mineral supplies, and in June, the administration published a report identifying Canada as a “domestic source” under the Defense Production Act.

“Canada is a preferred partner of the United States with critical mineral resources and expertise that could be leveraged to expand processing capacity and the manufacturing of intermediate and final goods, further strengthening North American supply chains,” read the report.

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Debra Struhsacker, a hardrock mining and environmental policy expert who has testified before Congress five times, called the effort to finance Canadian mines in lieu of American producers unnecessary.

“Absolutely we do not need to finance Canadian operations,” Struhsacker told The Federalist, when “we have abundant minerals in the U.S.”

thefederalist.com/2022/08/25/biden-shops-for-critical-minerals-in-canada-while-shutting-down-mining-projects-on-american-soil/

 

h/t Coastie Patriot

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