Lucid Group, Electric Metals collaborate for domestic critical minerals

Electric Metals has entered into a Memorandum of Understanding with Lucid Group (LCID) as part of the newly created Minerals for National Automotive Competitiveness, a collaborative aimed at fostering economic growth while reducing U.S. over-reliance on foreign supplies of critical minerals within the automotive supply chain. In accordance with President Trump’s March 20 Executive Order “Immediate Measures to Increase American Mineral Production,” MINAC resolves to promote the use of domestic critical minerals within the U.S. automotive supply chain to bolster local economies and generate high-quality employment opportunities. Electric Metals and Lucid are joined by a select group of mining and mineral processing companies sharing the same goals, including Alaska Energy Metals Corporation (AEMC), Graphite One Inc., RecycLiCo Battery Materials Inc.