Biden announces new investments in mineral production to address supply chain shortages
CNN
President Joe Biden on Tuesday announced new investments in the domestic production of minerals and materials crucial to creating a wide array of technological devices, including computers, smartphones, batteries, household appliances and vehicles.
The investments, which are the latest step the administration is taking in unsnarling persistent supply chain challenges that have plagued Biden since he took office, come a year after he signed an executive action ordering a comprehensive review of supply chain vulnerabilities.
"Today we're announcing a major investment in domestic production of key minerals and materials," Biden said at a White House event. "China controls most of the global market of these minerals and the fact (is) that we can't build a future that's made in America if we ourselves are dependent on China for the materials that power the products of today and tomorrow. And this is not anti-China or anti anything else. It's pro-American."
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