Ex-Im bank launches critical mineral initiative to reduce reliance on China

The Export-Import Bank on Wednesday launched a “Supply Chain Resiliency Initiative” to finance foreign projects that will supply U.S. importers with critical minerals and help reduce reliance on China for those minerals. Ex-Im’s board of directors approved the initiative during a meeting on Wednesday. “Through this creative new financing tool, EXIM will provide U.S. businesses access to critical resources, reduce reliance on PRC-controlled supply chains, and foster a stronger, more resilient domestic manufacturing base,” bank President and Chair Reta Jo...