“Domestic manufacturing and energy security advocates are likely to cheer the tighter rules announced on Friday. They include West Virginia senator Joe Manchin, who wrote a letter to Treasury secretary Janet Yellen last month urging her to employ “the strictest metrics possible”. “If we are serious about developing a domestic battery supply chain, then we should take a fairly strict reading of the law,” said Gene Berdichevsky, co-founder of battery materials start-up Sila, which broke ground on construction of its first large-scale factory in Washington on Wednesday.”
Cheer indeed. Up on the Nasdaq following the announcement. 97% of Synthetic anode out of China. This has to be the catalyst or long offtake agreements, as companies will scramble to secure future non Chinese supply
https://www.ft.com/content/7d80627e-c6a6-4216-b4c8-275f089fc447
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