Trump 2.0 won’t reverse Biden’s critical minerals push: Andy Home
Live MintBy Andy Home LONDON, - Donald Trump has described the Inflation Reduction Act as a "green scam" and vowed to repeal it after he returns to the White House in January. But some of the "new green deal" money has also been channeled to the U.S. industrial base, such as the $75 million allocated for an upgrade of Constellium's aluminium rolling mill in West Virginia. It seems unlikely because when it comes to rebuilding U.S. industrial capacity and cutting the country's critical minerals dependency on China, there is remarkable cross-party consensus. STUCK IN THE GROUND New smelting capacity needs new mines to supply it and that's where the U.S. minerals investment boom is still struggling to build momentum. Indeed, every sign so far is that Trump 2.0 will double down on the U.S. minerals self-sufficiency drive, even if it means accepting that not all of the IRA funds are a "green scam".
History of this topic
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