Executive order declares a national emergency in the US mining industry.
It also calls for a report evaluating possible measures such as tariffs, quotas or other trade restrictions targeting China and “other non-market foreign adversaries”.
Critical minerals have been a focus of the Trump administration. The White House has signed agreements with Canada and Australia, among other nations. to secure supply of minerals needed for a range of modern life’s aspects, including electric vehicles (EVs), green technologies and military applications.
Last year, the White House ordered the Defense Department to boost production of rare-earth magnets used in consumer electronics, military hardware and medical research, amid concerns China would restrict exports of the products as trade tensions between the countries grew.
The US is not alone in its quest to reduce reliance on foreign producers. In September, the European Union stepped up its push to become less dependent on imported raw materials, including rare earths and, for the first time, lithium.
