Bloomberg with the report on Trump doing something to help out with the production of industry critical mineral production in the US. Trump adds that he'll shortly be signing an agreement with Ukraine on rare earths.
Key Reasons for Invoking Emergency Powers:
Economic Competitiveness: Critical minerals are vital for manufacturing high-tech products, including smartphones, electric vehicles, and renewable energy technologies. Enhancing domestic production supports the growth of these sectors, reduces supply chain disruptions, and ensures that U.S. industries remain competitive globally.
Streamlining Regulatory Processes: Invoking emergency powers allows for the acceleration of regulatory approvals and the development of necessary infrastructure for mineral extraction and processing. This includes expediting permits and reducing bureaucratic delays that have historically hindered the timely development of mining projects.
By invoking these emergency powers, the Trump administration seeks to ensure that the United States has a secure, reliable, and independent supply of critical minerals, which is essential for both national defense and economic prosperity.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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