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ADMINISTRATION SIGNS EXECUTIVE ORDER TO INCREASE PRODUCTION OF POTASH, OTHER MINERALS
Mar. 24, 2025
CNBC News reports:
Washington -- President Donald Trump on Thursday signed an executive order to increase domestic production of critical minerals, including uranium, copper, potash, gold and possibly coal.
Trump directed federal agencies to compile lists of pending mineral projects and expedite their review in coordination with the National Energy Dominance Council led by Interior Secretary Doug Burgum, a White House official said.
The president also directed Burgum to prioritize critical mineral production on federal lands over other activities, the official said. Burgum can determine whether other minerals, such as coal, are covered by the order, according to the official.
Trump will use the Defense Production Act to increase mineral production, the official said. President Joe Biden also invoked the DPA to boost critical minerals output in 2022.
The United States International Development Finance Corporation will fund new production projects through a dedicated critical minerals allocation in cooperation with the Defense Department, the official said.
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