Notice2024-04883
Information Request on Financing Support for Critical Minerals Projects
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 7, 2024
Issuing agencies
Export-Import Bank
Abstract
To assist the Export-Import Bank of the United States (EXIM) in supporting critical minerals transactions, which are crucial to the supply chains of several of the Congressionally mandated Transformational Export Areas in EXIM's Charter, EXIM seeks information on the financing gaps faced by project sponsors, users of critical minerals, and suppliers to critical minerals projects.
Full Text
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<title>Federal Register, Volume 89 Issue 46 (Thursday, March 7, 2024)</title>
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[Federal Register Volume 89, Number 46 (Thursday, March 7, 2024)]
[Notices]
[Pages 16564-16565]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-04883]
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EXPORT-IMPORT BANK
Information Request on Financing Support for Critical Minerals
Projects
AGENCY: Export-Import Bank of the United States.
ACTION: Notice.
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SUMMARY: To assist the Export-Import Bank of the United States (EXIM)
in supporting critical minerals transactions, which are crucial to the
supply chains of several of the Congressionally mandated
Transformational Export Areas in EXIM's Charter, EXIM seeks information
on the financing gaps faced by project sponsors, users of critical
minerals, and suppliers to critical minerals projects.
DATES: Comments are due on May 6, 2024.
ADDRESSES: Interested parties may submit comments on this transaction
electronically on <a href="http://www.regulations.gov">www.regulations.gov</a>. To submit a comment, enter
``Information Request on Financing Support for Critical Minerals''
under the heading ``Enter Keyword or ID'' and select Search. Follow the
instructions provided at the Submit a Comment screen. Please include
your name, company name (if any) and ``Information Request on Financing
Support for Critical Minerals Projects'' on any attached document.
Comments can also be sent by email or mail to Scott Condren,
<a href="/cdn-cgi/l/email-protection#2f7c4c405b5b016c40414b5d4a416f4a57464201484059"><span class="__cf_email__" data-cfemail="8ad9e9e5fefea4c9e5e4eef8efe4caeff2e3e7a4ede5fc">[email protected]</span></a>, Export-Import Bank of the United States, 811
Vermont Ave. NW, Washington, DC 20571.
FOR FURTHER INFORMATION CONTACT: To request additional information,
please contact Scott Condren, <a href="/cdn-cgi/l/email-protection#5201313d26267c113d3c3620373c12372a3b3f7c353d24"><span class="__cf_email__" data-cfemail="b8ebdbd7cccc96fbd7d6dccaddd6f8ddc0d1d596dfd7ce">[email protected]</span></a>, 202-509-4227.
SUPPLEMENTARY INFORMATION: In EXIM's 2019 reauthorization, Congress
directed the agency to create the China and Transformational Exports
Program
[[Page 16565]]
(CTEP) and use its tools and authorities to advance the comparative
leadership of the United States with respect to the People's Republic
of China (PRC), or support United States innovation, employment, and
technological standards through direct exports in 10 transformational
export areas. These export areas include:
<bullet> Artificial intelligence.
<bullet> Biotechnology.
<bullet> Biomedical sciences.
<bullet> Wireless communications equipment (including 5G or
subsequent wireless technologies).
<bullet> Quantum computing.
<bullet> Renewable energy, energy efficiency, and energy storage.
<bullet> Semiconductor and semiconductor machinery manufacturing.
<bullet> Emerging financial technologies (including technologies
that facilitate financial inclusion through increased access to capital
and financial services; data security and privacy; payments, the
transfer of funds, and associated messaging services; and efforts to
combat money laundering and the financing of terrorism).
<bullet> Water treatment and sanitation (including technologies and
infrastructure to reduce contaminants and improve water quality).
<bullet> High-performance computing;
<bullet> Associated services necessary for use of any of the
foregoing exports.
Additionally, EXIM reviews over the last few years indicate that
critical minerals are a crucial component of multiple transformational
export areas--and the U.S. lags the PRC in the proven reserves, mining,
and processing of almost all critical minerals. Thus, EXIM has
prioritized critical minerals that are part of the supply chain for
transformational export areas and clearly align to the capacity to
produce and foreign demand for U.S. goods and services in
transformational export area industries.
Therefore, to understand how EXIM financing can better support U.S.
exporters in this sector, diversify supply chains, and ensure access to
critical minerals by U.S. users, EXIM is seeking public comment on the
financing gaps stakeholders face. EXIM has identified specific
questions for specific stakeholders but welcomes feedback from all
relevant stakeholders not specifically identified here.
(A) For U.S. exporters to critical minerals projects:
(1) What part of the supply chain do you supply (e.g., mining,
refining, or processing)?
(2) What goods and services do you provide to such projects (e.g.,
services, capital equipment, intermediate components, consumables)?
(3) What are the financing challenges, if any, that prevent
securing sales with foreign buyers?
(4) Are you aware of or facing competition backed by foreign
government financing?
(5) If so, please identify the competition and the type of foreign
government financing provided.
(6) Have you previously used financing tools from the Export-Import
Bank of the United States?
(7) If you have not utilized EXIM financing, please explain why not
(e.g., no need, fees too high, could not meet policy criteria such as
content).
(B) For U.S.-based users of critical minerals:
(1) Which critical minerals are most important to your operations?
(2) In what geographies are you most likely to seek access to those
minerals?
(3) Is there now or expected to be in the future competitive U.S.-
based sources of those minerals?
(4) What financial hurdles are there to obtaining critical
minerals? Please distinguish between short-term hurdles (such as
insufficient access to working capital to import specific cargos) and
longer-term (such as requirements of foreign projects for large down
payments in exchange for long-term supply contracts).
(5) What impact does lack of access to critical minerals have on
your operations, particularly regarding employment and exports?
(6) To what extent are you aware of foreign competitors gaining
access to critical minerals resources via foreign government support
(such as lending to a foreign mine conditional on selling output to a
particular company)?
(7) What form does such support take?
EXIM encourages respondents, when addressing the points above,
unless raising other challenges to financing critical minerals
transactions, to identify which point they are responding to by using
the same numbers and heading as set forth above. For example, a user of
critical minerals submitting comments responsive to (4), ``What
financial hurdles are there to obtaining critical minerals'', would use
that same text as a heading followed by the respondent's specific
comments responding to it. This formatting will assist EXIM in more
easily reviewing and summarizing the comments received in response to
these specific points of inquiry.
Scott Condren,
Vice President, Policy Analysis Division, Office of Policy Analysis and
International Relations.
[FR Doc. 2024-04883 Filed 3-6-24; 8:45 am]
BILLING CODE 6690-01-P
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