Expanding Critical Mineral Definition to Include Critical Materials
This act expands the definition of "critical mineral" to include "critical materials." This means more raw materials will be considered crucial for national security and the economy, potentially impacting their future availability and prices. The change aims to strengthen supply chains for important resources.
Key points
The definition of "critical mineral" will be expanded to include "critical materials," increasing the number of resources under special regulations.
The Secretary of Energy will determine which materials are critical, and then the Secretary will update the list of critical minerals.
The change aims to ensure more stable supplies of key raw materials for industry and technology.
Status:
Passed House
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