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Biden wants to ramp up production of critical minerals. Here's how it's supposed to help consumers

CaughtInThe

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Finally!!!! Long term planning.



"President Joe Biden issued a directive on Thursday that invokes the Defense Production Act -- a move the administration hopes will kickstart the domestic production and mining of the critical minerals needed to manufacture batteries for electric vehicles and long-term energy storage.

The directive adds critical minerals -- things like lithium, nickel, graphite, cobalt and manganese -- to the list of items covered by the 1950 Defense Production Act, a Korean War-era law that allows the president to use emergency authority to make large orders of a certain type of product or expand productive capacity and supply.
The longterm goal, according to White House officials, is to move the country toward renewable energy and electric vehicles. The less the country depends on fossil fuels and gas-powered cars, the less prone consumers are to wild swings in oil prices amid geopolitical conflict.

"This is a long-term shift," Nikos Tsafos, an energy security expert at the Center for Strategic and International Studies, told CNN. "If you're looking for relief at the pump or any immediate shift in prices, this is not the thing that does that. This is about thinking about 2030. It's about putting the United States in a strong position in the world to not be exposed to the kind of risks that we are witnessing today with the high prices that come from geopolitical tension one-third of the way around the world."




 

Roadvirus

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What about Uranium?

And if the Environmentalists will let him.
 

Nomad4Ever

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What about Uranium?

And if the Environmentalists will let him.
Yeah I mean ideally we would do both. More nuclear power plants means less of a strain on supply for battery materials.

I think this is a good start but you are absolutely right that we need to keep pushing for more action.
 
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Finally!!!! Long term planning.



"President Joe Biden issued a directive on Thursday that invokes the Defense Production Act -- a move the administration hopes will kickstart the domestic production and mining of the critical minerals needed to manufacture batteries for electric vehicles and long-term energy storage.

The directive adds critical minerals -- things like lithium, nickel, graphite, cobalt and manganese -- to the list of items covered by the 1950 Defense Production Act, a Korean War-era law that allows the president to use emergency authority to make large orders of a certain type of product or expand productive capacity and supply.
The longterm goal, according to White House officials, is to move the country toward renewable energy and electric vehicles. The less the country depends on fossil fuels and gas-powered cars, the less prone consumers are to wild swings in oil prices amid geopolitical conflict.

"This is a long-term shift," Nikos Tsafos, an energy security expert at the Center for Strategic and International Studies, told CNN. "If you're looking for relief at the pump or any immediate shift in prices, this is not the thing that does that. This is about thinking about 2030. It's about putting the United States in a strong position in the world to not be exposed to the kind of risks that we are witnessing today with the high prices that come from geopolitical tension one-third of the way around the world."





Good, hopefully some lessons are learned about the fragility of the supply chain and relying on others for much needed things. If only corporations weren't so greedy and they could bring manufacturing back to the US and provide much needed better paying jobs
 

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This will be great if we can stay out of our own way long enough for it to succeed.
 

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Biden is going to accomplish more in his 1st 4 years than a ton of presidents and a lot of people are gonna hate him because frozen pancakes are expensive.
 

Roadvirus

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MaryP

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Finally!!!! Long term planning.



"President Joe Biden issued a directive on Thursday that invokes the Defense Production Act -- a move the administration hopes will kickstart the domestic production and mining of the critical minerals needed to manufacture batteries for electric vehicles and long-term energy storage.

The directive adds critical minerals -- things like lithium, nickel, graphite, cobalt and manganese -- to the list of items covered by the 1950 Defense Production Act, a Korean War-era law that allows the president to use emergency authority to make large orders of a certain type of product or expand productive capacity and supply.
The longterm goal, according to White House officials, is to move the country toward renewable energy and electric vehicles. The less the country depends on fossil fuels and gas-powered cars, the less prone consumers are to wild swings in oil prices amid geopolitical conflict.

"This is a long-term shift," Nikos Tsafos, an energy security expert at the Center for Strategic and International Studies, told CNN. "If you're looking for relief at the pump or any immediate shift in prices, this is not the thing that does that. This is about thinking about 2030. It's about putting the United States in a strong position in the world to not be exposed to the kind of risks that we are witnessing today with the high prices that come from geopolitical tension one-third of the way around the world."




What states have those deposits?
 

US&THEM

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China has a head start and has been making deals all over the world exchanging soccer stadiums and roads for mineral rights.
 

Chillfolks

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What states have those deposits?
The article mentioned Nevada and North Carolina.


Unless they also fast track permitting and environmental impact studies this is really much ado about nothing. Wanting to ramp up production and actually taking the steps to ramp up production are not the same thing.
 

CaughtInThe

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The article mentioned Nevada and North Carolina.


Unless they also fast track permitting and environmental impact studies this is really much ado about nothing. Wanting to ramp up production and actually taking the steps to ramp up production are not the same thing.
plus, China (with their government) can just order it. we can't.
 

Chillfolks

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plus, China (with their government) can just order it. we can't.
Your right China can kick 100k people off their land and start mining operations all within months of the decision. In the US an itchy pine tree fungus will delay operations for years or shut down mining completely.
 

CaughtInThe

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Your right China can kick 100k people off their land and start mining operations all within months of the decision. In the US an itchy pine tree fungus will delay operations for years or shut down mining completely.
fungus??

hell, our government can't even order oil companies to up production.
 

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I read months ago about one company that is ready to go, mining thorium in Alaska, I think it was. I'm betting they aren't the only company that has looked into such a lucrative material.

Iirc, thorium isn't found in veins like gold, it's dispersed through the soil (or rock, can't remember) and needs to be sifted to be collected. So it's a little more complicated, but worth it, right?
 
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