Biden Invokes Defense Production Act to Boost Critical Mineral Supply

The United States imported more than half of its supply of at least 46 minerals in 2020, and 17 of them, according to the U.S. Geological Survey. Much of the material comes from China, which leads the world in lithium ion battery production and is known for shutting down exports of certain products in times of political tension, including rare earth minerals.

The Biden administration has warned that reliance on foreign materials is a threat to U.S. security, and has promised to expand domestic supplies of semiconductors, batteries and pharmaceuticals, among other goods. While the United States has some undiscovered deposits of nickel, cobalt and other crucial minerals and metals, mining and processing sites can take years to develop. Two-thirds of the world’s cobalt production is in the Democratic Republic of Congo, where by 2020 Chinese companies own or lend 15 of the 19 largest mines.

But in recent years there has been growing support for American mining and the expansion of the battery component process. In a letter dated March 11 to Shri. Senators, including Biden, Alaska Republican Lisa Murkowski, and West Virginia Democrat Joe Munchin III, are proposing a Defense Production Act to accelerate domestic production of components of lithium-ion battery materials, particularly graphite, manganese, and cobalt.

Todd M., head of climate strategy for Talon Metals, which is developing a nickel mine in Minnesota. Mullen said Washington has reached a bilateral agreement on providing more support for local mining of electric vehicle battery minerals. Russia and China for battery material as well as energy transition inevitable.

But some local developments may face opposition from environmentalists. Biden’s own party.

Arizona Democrat Rep. Raul M. Ava, chairman of the Natural Resources Committee. Grizalva said in a statement on Wednesday that mining companies were “making opportunistic requests to advance a decades-old mining agenda that would allow pollutants out of the hook and allow Americans to suffer the consequences.”

“Fast-tracking mining under ancient standards that endangers our public health, wildlife and sacred sites is not the only answer,” he added.

Dione Cersi Contribution Report.

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