Congress could reject or settle for the proposed modifications when it finalizes the invoice later this yr.
Washington is attempting tougher to scale back America’s dependence on China for lithium, uncommon earths and different minerals used to make a variety of applied sciences. Existing legislation bars DPA funds from getting used to dig new mines, however they can be utilized for processing gear, feasibility research and upgrades to present amenities. Currently, solely amenities in the United States and Canada are eligible for DPA funding.
Adding Australia and the United Kingdom, the Pentagon stated in the request to Congress, would “allow the US government to leverage the resources of its closest allies to enrich US manufacturing and industrial base capabilities and increase the nation’s advantage in an environment of great competition.”
Relying solely on home or Canadian sources, the Pentagon stated, “unnecessarily constrains” the DPA program’s capability to “ensure a robust industrial base.”
A Pentagon official was not instantly accessible for added remark.
The National Mining Association, a commerce group for the US mining trade, declined to remark.
Rare earths
The United Kingdom refines nickel and has a number of proposed processing amenities for lithium and uncommon earths. Australia has mining and processing amenities for a variety of minerals, together with iron ore, lithium, copper and uncommon earths, a bunch of 17 metals used to make magnets that flip electrical energy into movement.
The Pentagon final yr awarded a DPA grant value $30.4 million to Australia-based Lynas Rare Earths Ltd to construct a processing facility in Texas with privately held Blue Line Corp.
Last month, Lynas Chief Executive Amanda Lacaze complained that these funds have but to be dispersed, citing ongoing negotiations over safety of her firm’s mental property.
The Pentagon has additionally granted at the least $45 million to MP Materials Corp, which controls the one US uncommon earths mine however is dependent upon China for processing.
The funds are to assist MP’s efforts to resume US processing of these strategic minerals. Las Vegas-based MP stated final week that it has began receiving these funds and that the Pentagon could have “certain rights to technical data” due to the monetary assist.
(By Ernest Scheyder and Trevor Hunnicutt; Editing by David Gregorio)
Pentagon asks Congress to fund mining projects in Australia, UK & More Latest News Update
Pentagon asks Congress to fund mining projects in Australia, UK & More Live News
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