Over the next five years, the Canadian company will supply graphite from its mine near Nome, Alaska, and processing plant in Warren, Ohio for Lucid’s luxury electric cars. (The Logic)

Talking point: In a press release, Graphite One CEO Anthony Huston said that presidential executive orders to increase mineral resource production have bolstered interest in its critical minerals. The U.S. Defense Department awarded Graphite One US$37.5 million under former president Joe Biden’s administration, hoping the company would help the U.S. reduce its dependence on China’s mineral resources. That pressure has heightened during the trade war between Washington and Beijing this year. Some auto suppliers and carmakers are reportedly considering shutting production lines within weeks, or even shifting production to China, amid trade restrictions on rare earth metals.