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Takeaways:
- President Joe Biden has invoked the Defense Production Act as part of his effort to accelerate the transition of the United States to renewable energy.
- This act could help speed up several new and proposed lithium mining and extracting projects that are in various stages of development in states including Maine, North Carolina, California and Nevada.
- The Defense Production Act also gives the president significant emergency authority to control domestic industries for the purpose of national defense.
