POLITICO Energy Trump’s critical minerals agenda faces a test: his party’s megabill
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May 21, 2025 The discussion dives into President Trump's agenda for a domestic critical minerals industry amidst challenges from his own party's reconciliation package. It exposes the tensions that could hinder U.S. production and the race against China in this critical sector. The implications of proposed legislative changes on electric vehicle tax credits also take center stage, raising alarms about national security and domestic sourcing. Plus, California's vehicle emission waivers face a potential overhaul, and exciting developments in wind energy construction are highlighted.
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Trumps' Party May Undermine His Goals
- President Trump's own party's reconciliation mega bill could undermine his critical minerals goals.
- This creates a paradox where a major domestic agenda may conflict with industry support for critical minerals.
Challenges with 45X Manufacturing Credit
- The 45X advanced manufacturing credit is crucial for clean energy and critical minerals investment.
- New restrictions make the credit unworkable for some foreign entities of concern, harming the industry.
Loan Programs Funding at Risk
- Republicans propose rescinding unspent IRA funding from DOE Loan Programs Office that supports critical minerals mining.
- This could significantly restrict new loans for mining projects, disappointing key supporters like Senator Murkowski.