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US Support for Critical Mineral Access Abroad.

This act allows the United States to support projects for developing and processing important minerals in high-income countries. The goal is to enhance US national security by ensuring access to raw materials crucial for modern technologies and industry. Citizens may experience indirect effects through economic stability and the availability of products relying on these minerals.
Key points
The US can now fund projects related to critical mineral development and processing in wealthy countries if it serves national security interests.
The list of critical minerals includes lithium, cobalt, rare earth elements, essential for electronics, batteries, and advanced technologies.
The aim is to reduce US reliance on single sources for these raw materials, potentially impacting price stability and product availability for consumers.
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Additional Information
Print number: 117_HR_3896
Sponsor: Rep. Carter, Earl L. "Buddy" [R-GA-1]
Process start date: 2021-06-15