The Biden administration is investing $35 million to mine lithium in Southern California in an effort to counter the U.S. dependence on China.
— President Joe Biden highlighted his efforts to counter China’s dominance of the electric battery market on Tuesday as he touted domestic efforts to mine and process lithium and rare metals necessary to create the technology that powers cars, electronics, wind turbines and more.
“We can’t build a future that’s made in America if we ourselves are dependent on China for the materials that power the products of today and tomorrow,” Biden said. “And this is not anti-China, or anti-anything else. It’s pro-America.” The federal money will help the company create a processing facility for “heavy” rare earth metals, and it follows a $10 million award last year for “light” rare earth metals. The company is spending $700 million of its own money for improving processing and creating a manufacturing facility in Texas to produce magnets. The company has a deal with General Motors, said Matt Sloustcher, MP Materials’ senior vice president for policy and communications.
Newsom said lithium extraction in California has the potential to boost national security by improving domestic supply chains and accelerating the transition away from fossil fuels in the transportation sector. Biden earlier noted the nation could produce a half-million electric cars per year by 2025.
With state and federal investments of about $20 million, the company is working on projects to demonstrate it can extract the lithium and convert it to battery-grade in a way that’s commercially viable, said Alicia Knapp, president of BHE Renewables.
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