(Image: Business Wire)
After decades of complacency, America’s leaders now recognize the importance of securing domestic supply chains for our nation’s crucial energy and transportation needs. The recently signed Inflation Reduction Act (IRA) included aggressive sourcing requirements to accelerate domestic production of critical minerals and other electrical vehicle battery components. Less heralded, the bill also provided new incentives for U.S. companies to invest in domestic production of strategic industrial materials like steel, iron, and aluminum. These are not only essential to making automobiles, but to nearly every function of modern life – from aircraft and ships to buildings to the electric grid to packaging and more, writes SAFE Chairman Admiral Dennis Blair and Joe Quinn, Director of SAFE’s Center for Strategic Industrial Materials. Read more via RealClearEnergy here.