Biden Blocks Mining For Minerals Critical To His Green, EV Promises
View Source | January 31, 2023 7:22 am
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- President Joe Biden’s administration says electric vehicle adoption is key to curbing climate change but blocked mining of rare earth minerals on more than 225,000 miles of federal land for more than 20 years.
- The Biden administration banned mining near the Boundary Waters on the Duluth Complex in Minnesota, which Twin Metals says contains 95% of the nation’s nickel reserves; 88% of the cobalt; 51% of the platinum; 48% of the palladium, and 34% of the nation’s copper.
- Those rare earth minerals are vital for electric vehicle production and lithium-ion batteries. Without domestic rare earth mineral mining, the nation must rely on countries with few labor or environmental laws, such as the Democratic Republic of Congo, where 75% of the supply of cobalt is mined to make lithium-ion batteries and EVs.
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