China dominates the flow of raw materials for climate-friendly technology. Now the U.S. is hatching a plan to find other sources.
Trucks move ore at an open-pit copper and gold mine in the south Gobi Desert of Mongolia. | Paula Bronstein/Getty ImagesA global charm offensive to secure the key minerals needed to replace fossil fuels has drawn U.S. diplomats to a country surrounded by America’s leading adversaries.
“Mongolia is facing a generational opportunity. And that generational opportunity is a need for us to find critical minerals and rare earths in order to achieve our clean energy goals,” Jose Fernandez, undersecretary of State for economic growth, energy and the environment, who led the overseas trip, said in an interview with POLITICO’s E&E News.
“What we offer is a way for them to do so responsibly, in a way that observes and adheres to ESG principles and that benefits the community,” Fernandez said. “Within a decade, shortages of critical minerals such as lithium, graphite and copper will increase prices and slow the deployment of clean energy technologies,”Jose Fernandez, the undersecretary for economic growth, energy and the environment at the State Department, speaking in New York City in 2021. | Riccardo Savi/Getty Images for Concordia Summit
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