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The Critical Materials Future Act of 2024 establishes a pilot program under the Department of Energy to support domestic critical material processing projects through innovative financial tools such as price floors, contracts for difference, and advanced market commitments. The program will support at least three projects processing different types of critical materials, prioritizing those using feedstock from domestic and allied sources, with a five-year sunset provision. The Secretary of Energy must coordinate with multiple federal agencies, select projects within one year, and publish a study evaluating the effectiveness of financial support mechanisms and their impact on domestic supply chains.
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