Well, let’s not jump to conclusions. What are “critical minerals” anyway?
It turns out, critical minerals are … pretty much everything you’d find in a battery: aluminum, antimony, barite, beryllium, cerium, cesium, chromium, cobalt, dysprosium, europium, fluorspar, gadolinium, germanium, graphite, indium, lithium, manganese, neodymium, nickel, niobium, tellurium, tin, tungsten, vanadium, yttrium, and 25 more “others.
I can’t see a secure, sustainable EV industry that doesn’t break up this Chinese dominance of these critical minerals. Howard Klein, cofounder of RK Equity, writes: “On balance, the EV subsidies, local content requirements and USA government financing should be substantial positives to those developing projects in the USA and countries with whom we have Free Trade Agreements . As should the permitting reform Senator Manchin received assurances would be forthcoming later this year.
Indeed. These provisions are important to the birth, revival, and/or growth of critical industries and jobs in the United States. January 1, 2024, may be a tough target date to be able to get all battery minerals from domestic or free-trade countries, but lighting a fire under the industry’s frunk is just what’s needed in order to secure a brighter and more secure future for Americans, and the planet as a whole.
Ahem
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