Harris Calls for US Critical Minerals Reserve, Tax Credits
- More domestic processing part of campaign’s industrial policy
- Stockpile has been recommended by Congress to ward off China
Kamala Harris during a campaign event at the Philip Chosky Theatre in Pittsburgh, Penn., on Sept. 25.
Photographer: Rebecca Droke/BloombergThis article is for subscribers only.
US Vice President Kamala Harris vowed to create a national stockpile of critical minerals, saying a cache of the materials used in everything from batteries to defense systems is needed for economic and national security.
The plan, part of a broader $100 billion industrial policy vision Harris’ campaign laid out Wednesday, also called for new incentives and the use of emergency government powers under the Cold War-era Defense Production Act to increase domestic processing of critical minerals.