A bipartisan group of lawmakers is set to introduce a bill to create a $2.5 billion reserve of critical minerals to counter China’s grip on global supply.
Sens. Jeanne Shaheen (D-NH) and Todd Young (R-IN), along with Reps. John Moolenaar (R-MI) and Rob Wittman (R-VA) announced the Securing Essential and Critical U.S. Resources and Elements or SECURE Minerals Act on Thursday.
It is the latest effort by Congress to boost the supply of minerals to reduce reliance on China, which has used its control over the supply as leverage in trade talks with the U.S.
“As a senior member of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party (CCP), I am acutely aware of how China’s dominance
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