US to create fossil fuel strategic reserve
The president emphasized the need to reduce dependence on China
The United States plans to create a strategic reserve of critical minerals, as reported by the U.S. President. The initiative is proposed in response to China's restrictions on magnet exports, which have led to shortages of materials needed for the production of vehicles, robots, semiconductors, drones, and other industrial products. A government representative noted that the new reserve will be an important step toward developing a domestic supply chain and enhancing national security. Details on the measures and scale of the reserve will be clarified in upcoming statements
Context
Recent restrictions by China on magnet exports have raised concerns about supply to the automotive, robotics, semiconductor, and aerospace sectors.
The U.S. announced the creation of a strategic reserve of critical minerals to reduce dependence on magnet imports from China, the country's leader said.
- Category: World
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- Source: https://t.me/newsby_btrc/186821
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