Last mentioned: 2d ago
First Grant Awards
Expected timeframe for the first round of project funding to be distributed to private companies.
$500M Mineral Push Announced
New federal initiative specifically targeting critical mineral processing and production bottlenecks.
Inflation Reduction Act (IRA)
Introduced tax credits for EVs using domestically sourced or processed minerals.
Bipartisan Infrastructure Law
Allocated initial billions for battery supply chains and mineral research.
The United States government has unveiled a $500 million investment package to bolster domestic production and processing of critical minerals. This strategic move aims to reduce reliance on foreign adversaries and accelerate the transition to clean energy technologies.