The State Department on Wednesday announced a partnership with the nonprofit SAFE on the development of critical mineral supply chains, part of broader Biden administration efforts to reduce foreign dependence on such resources.
The partnership, the Minerals Investment Network for Vital Energy Security and Transition (MINVEST), will aim to marshal private sector support for U.S. mineral-security goals, as well as encourage increased investment in domestic mining and processing.
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“EVs have always been an issue of economic and national security, even before acknowledging the environmental benefits,” SAFE President and CEO Robbie Diamond added. “But now, as EVs become increasingly mainstream and critical minerals play an even larger role in our day-to-day lives, we do not want to mire ourselves in the same strategic vulnerability with an overreliance on these building blocks of the modern economy in one place.”
Read the full article: Biden admin partners with nonprofit on critical mineral supply chains (November 1, 2023)
