Economy

US allows raw materials from reserves to be used to tackle shortages – News

Published

on

By executive order, Joe Biden approved access to “strategic and critical” materials from the National Defense Reserve Center (DNSC) to ensure that there is “adequate amount” of necessary equipment for the country’s national security, the report said. agency EFE.

DNSC’s goal is to store, protect and market raw materials such as alumina, beryllium, chromium, cobalt, diamonds, tin and zinc, among others.

This stock also contains ferrochrome, ferromanganese, iodine, iridium, mica, niobium, talc, tantalum, thorium and tungsten.

The US President explained that one of the most important components of supply chain resilience and the health of a US industrial base “is to ensure that both the federal government and the private sector support an adequate supply of supplies, equipment, or supplies. Available raw materials to avoid possible shortages and dependence on imports ”.

For this reason, Biden approved that the Department of Homeland Security may access equipment from reserves “for use, sale or other disposal only when necessary for use, manufacture or production for national defense purposes.”

“Release is not permitted for economic or budgetary purposes,” – specified in the executive document.

The move is part of Joe Biden’s February review of the national supply strategy in key sectors such as microchips, so as not to be dependent on production and imports from “foreign competitors” such as China.

The United States does not want a repeat of cases such as the shortage of face masks it suffered from at the start of the covid-19 pandemic, or the subsequent lack of microchips, which led to production halts at several Ford and General Motors plants. … (GM).

Click to comment

Trending

Exit mobile version