President invoked the Defense Production Act to strengthen the domestic supply chain, as senators and industry debated strategies and risks to cut reliance on Russia, China and other “unreliable foreign sources” for key metals needed in U.S. manufacturing, clean energy.
The June 8 award to Jacobs Engineering of an engineer-procure-construct contract for the $5.3-billion next phase of the giant Oyo Togoi underground copper-and-gold mine in Mongolia gave industry-sector investors and analysts some hope that the sluggish mining sector might be rallying.
