DoD Enters Agreement to Expand Domestic Lithium Mining for U.S. ...
The Office of the Assistant Secretary for Industrial Base Policy has reached a $90 million agreement with Albemarle Corporation to support the expansion of domestic lithium mining and production. The agreement, made under the Defense Production Act, will help Albemarle reopen their Kings Mountain lithium mine and increase domestic production for the nation's battery supply chain. This investment aligns with President Biden's determination for critical materials in large-capacity batteries and reflects the Department of Defense's commitment to securing supply chains for essential resources.
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Frequently Asked Questions
Q: What agreement did the Department of Defense enter into?
A: The Department of Defense entered into an agreement to expand domestic lithium mining for the U.S. battery supply chain.
Q: Who is involved in the agreement?
A: The Office of the Assistant Secretary for Industrial Base Policy is involved in the agreement.
Q: What is the purpose of the agreement?
A: The purpose of the agreement is to expand domestic lithium mining to support the U.S. battery supply chain.
Q: When was the agreement announced?
A: The agreement was announced 15 hours ago (as of the time of the search result).
Q: Are there any other agreements related to domestic mining?
A: Yes, there are agreements related to expanding capabilities for domestic graphite mining and increasing domestic nickel and lithium production.