While Tesla Inc., Volkswagen AG and
other electric-focused automakers and battery manufacturers are
expanding in the United States, they are reliant on mineral
imports without a major push to develop more domestic mines and
U.S. Senator Lisa Murkowski, chair of the Senate's Energy
and Natural Resources Committee, told Reuters she will introduce
the Minerals Security Act alongside Senator Joe Manchin.
"Our challenge is still a failure to understand the
vulnerability we are in as a nation when it comes to reliance on
others for our minerals," said Murkowski, a Republican from
China already dominates the EV supply chain.
It produces nearly two-thirds of the world¡¯s lithium ion
batteries -- compared with 5 percent for the United States - and
controls most of the world¡¯s lithium processing facilities,
according to data from Benchmark Minerals Intelligence, which
tracks prices for lithium and other commodities and held a
Washington event on Thursday designed to bring together miners,
regulators and politicians.
The meeting, attended by more than 100 people, featured
speakers from Tesla, the U.S. Department of State and Department
of Energy, as well as Standard Lithium, ioneer Ltd.
and other companies working to develop U.S. lithium