Biden administration considering price support to backstop critical minerals projects

From Mining.com

In an effort to support US critical minerals projects, the Biden administration is considering market intervention to counter the crash in prices of lithium and other key minerals caused by overflow of supply from China, POLITICO reported this week.

An official from the Energy Department told the publication that the new policy would involve setting a price floor and agree to pay the difference when market prices fall below that threshold for critical minerals produced in the US.