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Biden Administration Supports Critical Mineral Mining with $72B Fund

Biden administration clarifies support for critical mineral mining with $72B fund, boosting national security and economic stability

The Biden administration's decision to support mining projects for critical minerals emphasizes its commitment to revitalizing the domestic mining industry. It’s expected the DOE's new stance will enhance national security and economic stability by supporting responsible mineral extraction that adheres to stringent environmental and labor standards. Investing in critical mineral mining contributes to long-term resource security for the United States, reducing dependence on foreign countries like China and enhancing national economic stability.