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VisitWhich company will benefit most from H.R. 8446 by the end of 2025?
Tesla • 25%
Albemarle Corporation • 25%
MP Materials • 25%
Other • 25%
Market analyses and reports from financial news outlets and industry experts
House Passes H.R. 8446, Critical Mineral Consistency Act, with Bipartisan Support on November 14, 2024, to Reduce Reliance on China
Nov 14, 2024, 08:28 PM
The U.S. House of Representatives passed the Critical Mineral Consistency Act, H.R. 8446, with bipartisan support on November 14, 2024. The legislation aims to align critical mineral lists from the U.S. Geological Survey (USGS) and the Department of Energy, enhancing domestic supply chains and reducing reliance on foreign sources, particularly China. Key supporters of the bill emphasized its importance for American energy security and economic independence. Representative Eli Crane noted that the act would help secure America's leadership in energy and end reliance on adversarial nations. The bill's passage is seen as a crucial step towards restoring U.S. energy dominance and ensuring national security through a stable supply of critical minerals.
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