Trump's Minerals Deal Impact

This is a US news story, published by BBC, that relates primarily to Biden news.

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Critical Minerals Executive Order

BBC

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Science

The unexpected knock-on effect of Trump's minerals deal

Summary

Nutrition label

76% Informative

Trump has withdrawn the US from what is considered the most important global climate pact, the Paris Climate Agreement .

But despite his history on the issue of climate, Trump has been eager to make a deal with the Ukrainian president on critical minerals.

Critical minerals are crucial in industries including aerospace and defence, but intriguingly, they have another major use too - to manufacture green technology.

The Biden administration was highly supportive of green technology industries through its introduction of the Inflation Reduction Act (IRA) The IRA offers tax credits, loans and other incentives to technologies that reduce greenhouse gas emissions.

But little work was done to support upstream processes like obtaining critical minerals.

The key question is whether the US is too late to fully capitalise on the sector?.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

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not offensive