The directive will specifically be authorized to support the production and processing of minerals used for large capacity batteries such as lithium, nickel, cobalt, graphite, and manganese.
The US and Canadian governments have been good about providing incentives for EV buyers and manufacturers, but when it comes to mining, little support has been offered.
Resource export earnings are forecast to climb 33% in the 2021–22 financial year from a record A$320 billion the previous year.
Lithion Recycling’s technology is able to recover 95% of strategic materials from end-of-life lithium-ion batteries and industrial waste.
Even if every lithium, cobalt, nickel and graphite green and brownfield project in the pipeline comes on stream “there will not be enough” raw material going into 2030.
A 3D, thermally-conductive boron nitride network greatly improves thermal conductivity compared to random distribution in lithium-ion batteries.
“Despite his climate pledges, President Biden has done nothing meaningful to boost American mineral production," says Senator John Barrasso.
This could help mining companies access $750 million under the Defense Production Act’s Title III fund.
It takes a about seven to 10 years to get a mine up and running in the US, compared to two to three years in neighboring Canada.
The White House is set to add battery materials to the list of items covered by the 1950 Defense Production Act.