Harris Vows to Create US Critical Minerals Stockpile, Incentives

In a recent address, U.S. Secretary of Energy Jennifer Granholm emphasized the need for a strategic stockpile of critical minerals to ensure national security and technological leadership. This article explores the strategic and economic benefits of creating a U.S. critical minerals stockpile, the government's plans for acquisition and management, and the role of private sector companies in its development and maintenance.

The strategic importance of critical minerals cannot be overstated. These minerals are essential for various technologies, including electric vehicles, renewable energy, and defense systems. A secure and stable supply of critical minerals is crucial for maintaining U.S. competitiveness and preventing supply disruptions that could have significant economic and national security implications.


The U.S. government plans to acquire and manage critical mineral stockpiles through several initiatives. The Defense Production Act, for instance, allows the government to secure critical minerals for national defense purposes. Additionally, the government is exploring public-private partnerships to facilitate the development of a robust domestic critical minerals supply chain.

Private sector companies will play a vital role in the creation and maintenance of the U.S. critical minerals stockpile. The government is expected to offer tax incentives and subsidies to encourage domestic production and processing of critical minerals. These incentives will help stimulate investment in the sector, promote innovation, and create jobs.


The proposed stockpile of critical minerals will be managed and distributed to ensure a steady supply for domestic industries. The government plans to establish a strategic reserve of critical minerals, similar to the Strategic Petroleum Reserve, to provide a buffer against supply disruptions and price volatility. This reserve will be managed by the U.S. Geological Survey and the Department of Energy.

In conclusion, the creation of a U.S. critical minerals stockpile is a strategic and economically sound initiative. By securing a stable supply of critical minerals, the U.S. can maintain its technological leadership, ensure national security, and promote economic growth. The government's plans for acquisition and management, along with incentives for private sector involvement, will help facilitate the development of a robust domestic critical minerals supply chain.