A bipartisan group of U. S. lawmakers has introduced a bill to create a $2.5 billion Strategic Resilience Reserve for critical minerals. This effort aims to stabilize mineral prices, support domestic mining and refining, and reduce dependence on supply chains dominated by China.
• The 68-page legislation proposes a federally managed stockpile of essential minerals, including lithium, nickel, and rare earths.
• A governing board, similar to the Federal Reserve, will oversee the reserve.
• Lawmakers express concerns over China's influence on global mineral markets, citing issues like overcapacity and export controls.
• The reserve will focus on acquiring minerals classified as critical by U. S. agencies and will use warehouses across the country for storage.
• While recycled materials will be prioritized, sourced minerals from mines will also be accepted.
• Allied nations may contribute to the program with a minimum of $100 million, and profits from sales will be reinvested to maintain the stockpile.
• The bill asserts that China has been strategically using its market dominance, which China denies, claiming to support global supply chain stability.
• Senator Jeanne Shaheen emphasized that the reserve would boost the U. S. economy and protect against foreign threats.
• The governing board will have the flexibility to procure minerals, even at above-market prices, to aid domestic producers.
• The bill is co-sponsored by Republican Senator Todd Young and introduced in the House by Representative Rob Wittman. It must pass both Congress chambers and be signed by President Trump to become law.
This proposed legislation seeks to fortify the U. S. against foreign mineral market vulnerabilities and establish more stable pricing practices for critical minerals.
https://vblgoldfix.substack.com/p/us-critical-mineral-stockpile-bill
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