A bipartisan group of senators introduced legislation Thursday to address China’s global minerals dominance.
The broad bill — led by Senate Intelligence Chair Mark Warner (D-Va.) and ranking member Marco Rubio (R-Fla.) — looks to boost diplomatic efforts to secure diverse critical mineral supplies.
It also eyes greater involvement from the International Development Finance Corp. and the Export-Import Bank, and would create a fund to support mineral investments.
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“The global demand for critical minerals continues to grow at exponential rates, and it is crucial that the U.S. identify secure sources of these minerals so that we can count on them for national security and critical infrastructure applications,” Warner said.
