President Joe Biden is considering invoking the Defense Production Act as soon as this week to boost domestic production of minerals used in batteries needed for electric vehicles, a person familiar with his plans said. The administration would include minerals like lithium, nickel and graphite, cobalt and manganese under the Korean War-era national security mobilization law, the person said. The designation could help mining companies access government funding for feasibility studies on mining development, productivity and...

Source: Wall Street Journal March 31, 2022 07:00 UTC