#TheWashingtonPost: #Biden order to boost mining may not have quick payoff
WASHINGTON — President Joe Biden is turning to a Cold War-era law to boost production of lithium and other minerals used to power electric vehicles, but experts say the move by itself is unlikely to ensure the robust domestic mining Biden seeks as he promotes cleaner energy sources.
Biden’s order directs the Defense Department to consider at least five metals — lithium, cobalt, graphite, nickel and manganese — as essential to national security and authorizes steps to bolster domestic supplies. Biden and former President Donald Trump both used the defense production law previously to speed the U.S. response to the COVID-19 pandemic.
On minerals, Biden wants to ensure the U.S. has enough lithium and other materials needed for EV batteries, heat pumps and large-capacity batteries for the electric grid. A majority of global lithium production comes from China, Australia, Argentina and Chile, while Russia dominates the global nickel market and the Democratic Republic of Congo is the world’s largest cobalt producer.
“Unless the president streamlines permitting, we should not expect to see any meaningful increase in American mineral production,’’ said Wyoming Sen. John Barrasso, the top Republican on the Senate Energy and Natural Resources Committee. At a recent committee hearing. Barrasso urged Biden to “stand up to mining opponents in his own party.”
Democratic Gov. Gavin Newsom has labeled California the “Saudi Arabia of lithium,” and two projects there could produce lithium by 2024.
Read more at: Biden order to boost mining may not have quick payoff – The Washington Post