Biden to Use Defense Production Act for Critical Mineral Supply

WashPost Biden To Use DPA Critical Minerals Supply

The White House might invoke the Defense Production Act as soon as this week to spur greater domestic output of raw materials for clean energy technology products and reduce U.S. dependence on foreign supply chains.

President Biden could issue a presidential determination to encourage domestic production of critical minerals used for stationary large-capacity batteries and those used in electric vehicles, according to an official familiar with the plan who spoke on the condition of anonymity because it hasn’t been formally announced.

The determination would cover minerals such as lithium, nickel, graphite, cobalt and manganese, allowing their producers to get assistance under the Defense Production Act’s Title III fund.

But the official said the presidential determination would not include loans or direct purchases of those minerals, financial tools common under Title III. 

Read More >

More News & Insights

New BENS Directors - Spring 2024

BENS Adds Fresh Expertise and Leadership to its Board

BENS is excited to announce the election of four new members to its Board of Directors: Nick Cortezi, Raanan Horowitz, Jeremy Hitchcock, and Jim Smith. These distinguished leaders bring a…

Screenshot 2024 07 15 At 11.49.27 AM

Marines, Air Force on track for 2024 recruiting; Navy projected to miss

With three full months left in the fiscal year for military recruiting, the services already are developing a sense of whether they’ll make their target recruiting mission or end up short.

Screenshot 2024 07 15 At 11.34.43 AM

BENS Member, Michelle Giuda

At the recent “CHIPS for America: Execute for Global Success” Summit, held at the U.S. Senate, BENS Member Michelle Giuda, CEO of the Krach Institute for Tech Diplomacy at Purdue,…

Receive BENS news and insights in your inbox.