US Announces New Policies to Speed Up Offshore Critical Mineral Development

The updates follow Trump’s executive order aimed at tackling the risk of depending on foreign adversaries for such minerals.
US Announces New Policies to Speed Up Offshore Critical Mineral Development
A view of the MP Materials rare earth open-pit mine in Mountain Pass, Calif., on Jan. 30, 2020. Steve Marcus/File Photo/Reuters
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The Department of the Interior (DOI) is adopting new policies to speed up the exploration and development of critical minerals located offshore to strengthen U.S. supply chains and protect the United States’ energy, security, and tech needs, the agency said in a June 25 statement.
Critical minerals, as determined by the secretary of the interior, include minerals such as aluminum, chromium, cobalt, gallium, iridium, magnesium, neodymium, nickel, palladium, platinum, vanadium, and zinc.
Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.