With US President Biden signing an executive order that includes the securing of the supply chain in the manufacturing of EV electric batteries to avert threats to US national security
How quickly is Biden going to push for this... an immediate 100 day review to be completed by the various Secretariat ministries, followed by a year long in-depth studies
Biden holds up semi conductor
I don’t know how these things go, but how much of an intervention will the Biden government take to secure critical raw minerals such as lithium from United States allies and partners
Will it be purely subsidies and incentives/special funding for US companies and wait for these mining/ manufacturing companies to pop up and forge ahead when it’s economical to do so or partly secure on a Federal level?Such as in the recent award by the U.S. Department of Defence
In 2018, the Trump administration used the Defense Production Act (DPA), “to identify future projects that create, maintain, protect, expand, or restore capabilities essential for national defense.” Lithium batteries, used in everything from drones to hypersonic missiles to radiation-hardened electronics, are one such item
Trump’s order was a boost to the world’s only major rare earths producer outside of China—Australia’s Lynas Corp. — which got $30.4 million to build a commercial light rare earths separation plant in Texas. Awarded by the U.S Department of Defence in Feb 2021, to build a Texas facility for processing specialized minerals used to make weapons, electronics and other goods.
https://www.whitehouse.gov/briefing-room/presidential-actions/2021/02/24/executive-order-on-americas-supply-chains/
(ii) The Secretary of Energy, in consultation with the heads of appropriate agencies, shall submit a report identifying risks in the supply chain for high-capacity batteries, including electric-vehicle batteries, and policy recommendations to address these risks. The report shall include the items described in section 4(c) of this order.
4(C) supply chains with a single point of failure, single or dual suppliers, or limited resilience, especially for subcontractors, as defined by section 44.101 of title 48, Code of Federal Regulations (Federal Acquisition Regulation);
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With US President Biden signing an executive order that includes...
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