Biden’s critical mineral sourcing choices need more R&D, less regulation — Panjiva
MENU

Supply Chain Research

Biden’s critical mineral sourcing choices need more R&D, less regulation

Argentina 57 Australia 124 Chile 103 China 2975 Cons. Discr. - Autos 1183 Materials - Chemicals 239 Materials - Metals/Mining 753 U.S. 5321 Vietnam 376

President Joe Biden’s 100 day of critical supply chains, which is scheduled to report by June 3, includes a review of sourcing of key minerals including cobalt, lithium, rare earths and others. U.S. imports of a wide range of critical minerals identified by the USGS fell by 31.2% year over year in the 12 months to January 31, including a 46.8% slide in cobalt and a 35.4% drop in shipments of lithium. That may indicate U.S. buyers are already losing out to strategic competitors in China among others. In the case of rare earths the U.S. faces Chinese dominance in supplies with Chinese expo...

Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.