COMMENT: Biden’s turn to American manufacturing will boost minerals, metals demand, projects

The Biden administration's focus on US manufacturing and domestic supply chains will benefit established and developing minerals and metals sectors, including steel, rare earths, graphite and lithium.

US President Joe Biden’s executive order on the strengthening of American manufacturing, which he signed during his first week in office, is expected to have a direct effect on demand for US-produced raw materials and finished products, but also lead to wider support for developing projects that feed strategic industries, such as transport, energy, defense and infrastructure.
“American manufacturing[…] must be part of the engine of American prosperity now,” Biden said. “We’ll buy American products and support American jobs.”
Biden signaled a previous lax approach to government procurement that turned a blind eye to large volumes of imports for materials sourced elsewhere instead of relying on domestic supply, is due to change. That specifically singled out iron and steel, but entire sectors such as engines, auto parts and vehicles are set to be put under the microscope.

“Under the previous administration, the federal government contracts awarded directly to...

Published

Davide Ghilotti

Mark Shenk

February 04, 2021

13:39 GMT

New York, London