Biden wants to ramp up production of critical minerals. Here's how it's supposed to help consumers

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Biden wants to ramp up production of critical minerals. Here's how it's supposed to help consumers
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Biden has issued a directive that invokes the Defense Production Act — a move the administration hopes will kickstart domestic production and mining of critical minerals needed to manufacture batteries for electric vehicles and long-term energy storage

President Joe Biden issued a directive on Thursday that invokes the Defense Production Act -- a move the administration hopes will kickstart the domestic production and mining of the critical minerals needed to manufacture batteries for electric vehicles and long-term energy storage.

The directive adds critical minerals -- things like lithium, nickel, graphite, cobalt and manganese -- to the list of items covered by the 1950 Defense Production Act, a Korean War-era law that allows the president to use emergency authority to make large orders of a certain type of product or expand productive capacity and supply.The longterm goal, according to White House officials, is to move the country toward renewable energy and electric vehicles.

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