Biden moves to blunt China's electric battery dominance
Nevada company, Salton Sea operations cited as helping US build its future
By Kathleen Ronayne | Associated Press
SACRAMENTO President Joe Biden highlighted his efforts to counter Chinas dominance of the electric battery market on Tuesday as he touted domestic efforts to mine and process lithium and rare metals necessary to create the technology that powers cars, electronics, wind turbines and more.
The Democratic president announced his administration is giving $35 million to MP Materials, a company that mines rare earth metals near the Nevada border in Southern California,. The funding will boost MPs ability to process the materials domestically for use in U.S. manufacturing.
He also touted efforts to extract lithium from geothermal brine found around Californias Salton Sea. Biden said U.S. demand for such materials will grow by 400% to 600% over the next several decades.
We cant build a future thats made in America if we ourselves are dependent on China for the materials that power the products of today and tomorrow, Biden said. And this is not anti-China, or anti-anything else. Its pro-America.
More:
https://www.mercurynews.com/2022/02/22/biden-moves-to-blunt-chinas-electric-battery-dominance/