In his first term! Trump issued two executive orders Trump’s Previous aimed at reducing US dependence on foreign suppliers:
A 2017 executive order required federal agencies to develop a strategy to Trump’s Previous reduce the country’s vulnerability to disruptions in the supply of critical minerals.
The 2020 decree declared a state of emergency in the mining industry to reduce dependence on China and strengthen the domestic supply chain.
While such measures may support domestic production of critical minerals in the United States! they pose risks to producers in other countries! such as Australia! that supply these resources to the global market. Trump’s policies could reduce demand for imported minerals! focusing on developing our own industry.
Accelerate permitting and reduce environmental regulations
The Trump administration is likely to place a strong emphasis on streamlining red tape Trump’s Previous and lifting environmental restrictions on the mining industry! given his outspoken support for domestic mining. During the campaign! Trump promised to lift a 20-year moratorium on mining in northern Minnesota. Such policies could lead to mom data more frequent permitting and faster transitions to production for mines.
The United States currently has one of the longest development times in the world for critical mineral projects! averaging 29 years from discovery to production. The main reason for this is the complexity of the permitting process.
Reduced regulations in the mining industry are expected to make it easier for U.S. producers of critical minerals to start and expand operations. This could include:
Simplifying permit issuance procedures ! which will allow new projects to be launched faster.
Reducing environmental requirements ! which will contribute to cheaper extraction and processing of minerals.
Stimulating investment in the sector ! thanks to fewer what is the difference between present continuous barriers to entry.
Changes to the Inflation Reduction Act ( IRA ) and other legislation
Before the election! Donald Trump promised to repeal the Inflation Reduction Act (IRA)! passed by the Biden administration. The future of this act is especially important for the Ukrainian industry.
The Biden administration has aggressively pushed through regulations and stimulus programs aimed at implementing the clean energy and climate agenda. Through initiatives such as the Infrastructure Investment and Jobs Act ( 2021) and the Inflation Reduction Act ( IRA ) ! nearly $400 billion in federal funding has been directed toward clean energy aub directory development.
