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Trump Expands Critical Minerals List to Copper, Met Coal, Uranium

The Trump administration on Thursday added 10 minerals to a list it deems essential for the U.S. economy and national security, including copper, vital to electric vehicles, power grids, and data centers, and metallurgical coal, used to make coke fuel for steel production.  The Interior Department’s critical minerals list guides federal investments and permitting decisions and helps shape the government’s broader minerals strategy. The administration is expanding the list amid efforts to boost domestic mining and cut reliance on imports, particularly from economic rival China.  Trump expands critical minerals list to copper, met coal, uranium | Reuters

How the United States Can Enhance Critical Minerals Supply

An action plan could help reduce the risk of market disruptions, enhance competitiveness, and reduce reliance on imports, fostering supply chain resilience. Of the 50 elements deemed critical to the American economy and national security by the U.S. Geological Survey,  the United States is 100% dependent on foreign suppliers for 12 of them and is more than 50% reliant on non-domestic sources for another 29.  The Trump administration has made critical minerals security a key component of its energy-focused strategy, evident by several recent executive orders. By following a targeted strategy and working with industry toward the achievement of a set of common objectives, the U.S. government can make tangible and measurable progress toward its goal to promote U.S. critical mineral security and move from being a primary consumer and price-taker in a nontransparent market to being a supply maker in a transparent and resilient market. How the United States Can Enhance Critical Minerals Supply – WSJ

NEMA Urges Passage of Critical Mineral Legislation

A Senate committee unanimously approved the Critical Mineral Consistency Act, legislation aimed at boosting the development of reliable critical mineral supply chains. NEMA Senior Vice President of Public Affairs Spencer Pederson thanked the committee for quickly advancing the legislation and urged lawmakers and President Trump to turn the bill into law. “The advancement of [the bill] through Committee brings us one step closer to reaching our goals by removing dependence on unreliable foreign sources like China for the raw materials that are essential to the electroindustry and will help bolster supply chains,” Pederson said. NEMA urges passage of critical mineral legislation

 

What Are Stablecoins and How Do They Work?

Stablecoins are less volatile than other cryptocurrencies (like Bitcoin) and due to crypto assets’ inherent instability, stablecoins are growing in popularity with both crypto and traditional markets. Stablecoins are a type of crypto asset, but one that offers a way to bridge the gap between fiat currencies like the U.S. dollar and cryptocurrencies. Because they are price-stable digital assets that behave like fiat but maintain the mobility and utility of cryptocurrency, stablecoins are a novel solution to crypto volatility: price stability is built directly into the assets themselves.  There are four primary stablecoin types, identifiable by their underlying collateral structure: fiat-backed, crypto-backed, commodity-backed, and algorithmic stablecoins.  What Are Stablecoins and How Do They Work? | Gemini