Critical mineral developers banking on Biden green energy shift
Jacob Greber, AFR US Correspondent
“Critical minerals and rare earth miners, including an Australian-listed US lithium developer, are eyeing a potential Joe Biden administration with growing enthusiasm after his campaign signalled support for domestic production of electric vehicles, solar panels and energy storage.
…They say more friendly administration policies after four years of drift would add fresh momentum to what is already happening: the emergence of America as an "electrification" giant led by companies suchas Tesla and General Motors.
"The world's going there regardless, " said James Calaway, chairman of ASX-listed Ioneer, "but if we do have a Biden administration – which looks increasingly likely – then what's going to happen is that America would move from being an also-ran to having its own form of an electrification revolution.
"There is absolutely going to be what I call a great awakening in the US and a fundamental shift towards what I call an electrified clean future," he said.
"You can't help but realise that's very bullish for global critical minerals. It'll have enormous implications for the supply of battery materials like lithium in particular.
"This is like waking up the big bad bear," he said.
US miners have been privately told by Mr Biden's campaign the Democratic presidential candidate supports bipartisan efforts to foster a domestic supply chain for lithium, rare earths, copper, nickel and other strategic materials – many known as critical minerals – that the US imports from China and elsewhere, Reuters reported last last week, citing sources familiar with the matter.
…
"A Biden administration would emphasise green energy, and in order to get more solar panels, you need more raw materials," one of the sources told the news agency. "These materials don't come out of a test tube."
From: https://www.copyright link/world/north-america/critical-mineral-developers-banking-on-biden-green-energy-shift-20201026-p568lp
Historically the US has taken a highly active role in getting their supply chain share from South American countries.
You would also think with a 2035 target the pressure is on for US govt agencies & industrial development programs to push ahead any lithium assets within their national borders.
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