Americans are starting to see the results of the bipartisan infrastructure bill signed by President Biden in 2021. Federal projects are now upgrading America’s transit systems and power grids, including a proliferation of electric vehicles (EVs) and charging stations. However, there’s a catch. All of these renewable technologies have spurred massive demand for key minerals and metals. But right now, global supplies of these resources are dominated by America’s rivals. 

The International Energy Agency estimates that demand for key minerals — such as lithium, cobalt, and nickel — will grow 4,000% by 2040. However, the U.S. is falling woefully behind in the race to gather enough supplies. In fact, America’s reliance on imported minerals just hit another record, with China the largest supplier of these crucial building blocks. 

Michael Stumo

Michael Stumo

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