How US midterm results could affect supply chains

The Democrats’ landslide victory in the US mid-term elections is likely to mean closer review of the government’s deals on critical minerals in Congress, though support for boosting US production remains bipartisan. Adam Webb, Benchmark’s head of battery raw materials, said: “Federal critical minerals deals are likely to face greater scrutiny following the US midterms, but there remains bipartisan support for reducing reliance on China for these key raw materials, particularly those used in defence applications. We therefore expect continued government backing for projects in the US and allied jurisdictions, albeit with a slowdown in deal flow.”