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Opinion: New Reports Warns America May Need to Dig Deep to Meet Demand for Rare Earth Metals
Michael Reagan is on vacation. His column will appear upon his return.
President Joe Biden promised to be a “green” president, but most of that green may be going to China.
As in cold, hard cash.
“It is clear that the demand for key minerals and rare earth metals will skyrocket in the years ahead,” says Michael Stumo, CEO of Coalition for a Prosperous America. “These are the raw materials needed to make President Biden’s clean energy plan a reality.”
It’s not hyperbole. A new analysis from the International Energy Agency (IEA) says supply chains for the elements that make green tech possible copper, lithium, cobalt, and nickel aren’t being developed outside of China to meet the growing demand. For example, IEA projects lithium demand for the electric vehicle revolution will be 40 times larger by 2040 than it is today.
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President Joe Biden promised to be a green president, but most of that green may be going to China.
As in cold, hard cash.
Subscribe It is clear that the demand for key minerals and rare earth metals will skyrocket in the years ahead, says Michael Stumo, CEO of Coalition for a Prosperous America. These are the raw materials needed to make President Biden s clean energy plan a reality.
It s not hyperbole. A new analysis from the International Energy Agency (IEA) says supply chains for the elements that make green tech possible copper, lithium, cobalt, and nickel aren t being developed outside of China to meet the growing demand. For example, IEA projects lithium demand for the electric vehicle revolution will be 40 times larger by 2040 than it is today.
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Senate Majority Leader Chuck Schumer, D-N.Y., left, is joined by Sen. Raphael Warnock, D-Ga., center, and Sen. Jon Ossoff, D-Ga., with Sen. Catherine Cortez Masto, D-Nev. (AP Photo/J. Scott Applewhite)
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Pretty much in every place in the nation’s capital, the majority rules. The lone holdout is the U.S. Senate, which was created to be a slower, more deliberative body. The filibuster slows things down by forcing the 100-member Senate to get 60 votes to move ahead on an issue.
In a Senate split 50-to-50, with Vice President Kamala Harris set to weigh in with the tie-breaking 51st vote, one of the only ways the Democrats can pass extremely controversial laws would be to abolish the filibuster, which gives the minority its only way to block those changes.