Expanding Critical Mineral Definition to Include Critical Materials
This act amends the definition of "critical mineral" to include "critical material." This means the government will consider more raw materials as vital for national security and the economy, potentially impacting their availability and prices. For citizens, this could lead to greater stability in the supply of products containing these materials, such as electronics or batteries.
Key points
The definition of "critical mineral" will be expanded to include "critical material," increasing the list of strategically important raw materials.
The Secretary of Energy will be required to update the list of critical minerals within 45 days of a new material being designated as critical.
These changes may influence mining and trade policies, potentially stabilizing prices and availability of key components for industry and consumers.
Status:
Placed on Calendar
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