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Biden looks abroad for electric vehicle metals, in blow to US miners

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Biden looks abroad for electric vehicle metals, in blow to miners

(Reuters) — President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told Reuters. The plans will be a blow to U.S. miners who had hoped Biden would rely primarily on domestically sourced metals, as his campaign had signaled last autumn, to help fulfill his ambitions for a less carbon-intensive economy. Rather than focus on permitting more U.S. mines, Biden’s team is more focused on creating jobs that process minerals domestically into electric vehicle or EV battery parts, according to the people.

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Biden to Source EV Metals Abroad in Blow to US Miners: Reuters

Doug Mills-Pool/Getty Images The White House will rely on metals from overseas for US electric-vehicle production, sources told Reuters. The plans will be a blow to US miners, who had hoped Biden would rely primarily on domestic metals. The sources said that Biden s team planned to process, rather than mine, the minerals domestically. President Joe Biden plans to rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told Reuters.

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Biden looks abroad for electric vehicle metals, in blow to U.S. miners

Biden looks abroad for electric vehicle metals, in blow to U.S. miners
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Biden looks abroad for electric vehicle metals, in blow to U.S. miners

Biden looks abroad for electric vehicle metals, in blow to U.S. miners
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