Congress Boosts Funding to Stockpile Key Metals, Battery Ingredients
January 15, 2023
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WASHINGTON—The U.S. defense stockpile for hard-to-get metals and lithium-ion battery ingredients is getting a $1 billion boost from Congress, as tensions escalate with China and Russia—with both nations the source of some key minerals.
The money was included in the National Defense Authorization Act, signed Dec. 23 by President Biden. The funding is just one component of the NDAA, which sets military service members’ pay and directs the Department of Defense which ships, airplanes and weapons to buy, among other initiatives.
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