UPDATE 1-U.S. seeks to boost output of 35 minerals, reduce import reliance [Reuters]
Nutrien Ltd. Common Shares (NTR)
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Source: Reuters
UPDATE 1-U.S. seeks to boost output of 35 minerals, reduce import reliance | Reuters Reuters Staff 3 Min Read (Adds comments from Canadian potash producer Nutrien, Aluminum Association of Canada, Rio Tinto aluminum CEO, paragraphs 6-8, 12, 13) By Valerie Volcovici and Susan Taylor WASHINGTON/TORONTO, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday. Aluminum and potash are also on the draft list of 35 critical materials used in basic manufacturing, batteries and electronics. It was the department’s first step to carry out a December presidential order to break U.S. dependence on foreign minerals. Lithium and cobalt are vital components of the rechargeable batteries that power electric vehicles. Battery makers and auto companies such as Tesla Inc and Volkswagen AG have been hunting for long-term supplies of the minerals.
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