U.S. Lags in Mine Development; Senate Takes on Permitting Reform
November 08, 2024
S&P Global found that, on average, it takes 29 years for a U....
Senate Energy and Natural Resources Committee Chairwoman Lisa Murkowski (R) and ranking member Joe Manchin (D) yesterday moved to boost domestic production of key minerals used in lithium-ion batteries considered critical for the electric vehicle industry.
The bipartisan duo unveiled the “American Mineral Security Act, which could mark a significant step toward countering Chinese control over a critical link in the U.S. supply chain for EVs. The bill was introduced after a closed-door summit involving automakers, miners and federal officials.
It tasks federal officials with drawing up a list of foreign-sourced “critical minerals” that find widespread use in products or whose supply chains are vulnerable to geopolitical conflict.