Congress Boosts Funding to Stockpile Key Metals, Battery Ingredients

050421rareearths3 1280x720

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. 

More News & Insights

Unnamed (1)

Dr. Joseph Nemec, Managing Director, Morgan Stanley

Dr. Joseph Nemec, Managing Director, Morgan Stanley, a deeply experienced cyber and technology executive with 20+ years proven success in both line management and independent advisory roles operating at the…


David Soldow, Advisor, McKinsey & Company’s Defense and Security Practice

Dave Soldow, Advisor, McKinsey’s Defense and Security Practice, leading outreach, integration, and execution for the Office of the Secretary of Defense (OSD), Joint Staff, Combat Support Agencies, Combatant Commanders, Service…


BENS Member John Ustica

BENS member John Ustica, President & CEO, Siemens Government Technologies is a recipient of the Wash100 Award. The Wash100 is the premier group of private and public sector leaders selected…

Receive BENS news and insights in your inbox.