The United States will invest in the production of key mineral materials such as rare earth permanent magnets

The White House issued a statement on February 22, pointing out that Biden issued new measures for the American MP materials company, which mines rare earths in the United States. In order to separate and refine heavy rare earths at the company's base in pass mountain, California, the U.S. Department of defense will provide $35 million in financial support. Berkshire Hathaway renewable energy will announce the construction of a plant in California to test the feasibility of extracting lithium from geothermal brine. Redwood materials, a battery recycling company, will discuss working with Ford and Volvo to collect and recycle scrapped lithium batteries at a plant in Nevada to extract lithium, cobalt, nickel and graphite.