Biden Could Invoke Cold War Powers To Accelerate Domestic EV Material Production79
President Biden is set to invoke Cold War-era powers to drive domestic EV production, adding EV-critical minerals like lithium, nickel, graphite, cobalt, and manganese to the list of materials covered under the 1950 Defense Production Act.
According to a recent report from Bloomberg, which cites unnamed sources familiar with the matter, President Biden may invoke the 1950 Defense Production Act as early as this week with the aim of boosting domestic EV production. The 1950 Defense Production Act previously served to boost steel production under President Truman, as well as served to boost mask production under President Trump.
The move could give mining companies access to $750 million under the Defense Production Act’s Title III fund, as well as support battery recycling. The funding would go towards current mining operations, productivity and safety measures, and feasibility studies. The move is also considered something of a peace offering for the mining industry as the White House pushes forward with its green energy agenda.
That said, the funding would not include accelerated approval for new mining projects, nor would it help mining companies skirt existing regulations or environmental reviews. It is expected that a number of departments, including Energy and Interior, will help to oversee the new efforts.
As part of the recent infrastructure bill, the Biden administration has already directed some $6 billion towards supporting the U.S. battery supply chain, steering the auto industry away from its reliance on Chinese sources. At present, China is the lead producer of lithium-ion cells.
Prices for EV battery materials, including lithium, cobalt, and nickel, have risen this year following increased demand, supply chain disruptions, and the ongoing conflict in Ukraine. Energy independence advocates have called for a focus on mining and mineral processing, both of which are key components in the EV production process, and both of which are largely controlled by China.
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A good decision.
Let’s go Brandon! Impeachment or 25th amendment, get rid of the bum and his sidekick Camela!
You’re a Sore Loser!
My offer still stands if you are willing to take it. I fully believe your boy will not run again in 24.
Yea, Biden is definitely running again. He just released 180 million barrels of oil from the strategic reserve. That’s going to have a huge impact on gas prices.
PeterGeater just fell for Biden’s APRIL FOOLS JOKE! MOST LIBERALS ARE DIMWITS ANYWAY AND FALL FOR ALL HIS LIES!!
How can Biden possibly run again? And this has nothing to do with politics or Biden at all. This guy is in obvious mental decline and is a very different person to the Biden we saw in 2016. I witnessed this first hand with my dad back in 2014. He went through the exact same stages as Biden starting with struggling for words, not able to remember things not able to answer questions, rambling on and on about something irrelevant etc. It twas very hard to watch and I feel for anybody that has to watch their loved ones going through this. It will be a miracle if Biden makes it through this term as he will be in no state to do this grueling job after his term is done!
He should do the same for chips
Now you’re talking. Especially considering how much China is responsible for microprocessor production.
Couldn’t have said it better myself.
Very little uP production is in China. They do not have the fabs for it. Now uC is a different story. But uC’s generally are fab’ed in much older tech as performance is not as much of an issue.. I imagine a good many of the CANBUS controllers are fab’ed there. Old stuff.
Why dosent Biden get his head out of the dark spot and open up our oil reserves to calm the price at the pumps!!!!!! Also these F-35’s when are they going electric? Oh I have a better thought quit flying so much burning up TAXPAYERS MONEY!!!! LUKE AFORCE BASE IS A GOVERNMENT WITHIN IT SELF TRAINING FOREIGNERS TO FLY THOSE GOD AUGHFULL PLANES. IT PROBABLY WILL COME BACK TO HAUNT US. HISTORY REPETS ITSELF.
Crude Oil is traded worldwide. Our reserves are largely taped out. There is very little the US can do alone to increase supply.
Excuse me but at today’s rate of oil consumption without any importation the US would have almost 5 years worth of reserve! And yes there are more ways to produce fuel in this county. Especially at the pump price today.
Why should we look away from the environmental impact producing batteries in this county. To me that would be going back in time not forward. What are the plans to dispose of failed batteries dump them in the river like the good old days. It seems to me those are Biden’s thoughts exactly. WOW POUR ANOTHER GLASS OF KOOLAID BUT BE CAREFUL WHERE THE WATER CAME FROM.
Intel is building a major factory complex in Ohio. With 2 Chip foundries
Now there’s a nickel shortage used to make batteries, what’s little gm gonna do now? Answer: Stick it to the customers like they’re doing to ICE customers now with exorbitant price hikes.
What an idiot. It seems like a government giveaway to me.
The US government has always invested in various industries to make sure they stay competitive. This is not controversial other than it being from a president you don’t like.
Downvote me if you agree!
Especially when Obama did it with Solar and most if not all of the companies went belly up. Dare I say Solyndra. The Government needs to stay out of the industries. All they are doing is making their friends rich on our dime.
Our grid is 2% solar and wind….. that’s after 8 years of bush where Pelosi was speaker for 6 years, 8 years of Obama, and pelosi in power of congress for half of trumps presidency. We’ve had 20 years of most of our grid investments into renewables for a show of 2 % grid capacity. Now their wanting to put all vehicles on this grid which is strained because their solution to increasing the grid composition has moved from build more renewables to downsize carbon….. I guess that is common core math
The geniuses in California are now asking EV owners to not charge between 4pm and 9pm cause the grid can’t handle it, while they are pushing for all EV’s. This is that happens when you allow stupid to vote.
No they aren’t
They did last summer and they will again. The rates are skyrocketing if we use any major appliances between 4pm and 9pm. That is because the grid can’t handle the draw.
No they won’t.
Let me guess, you don’t live in California. By the way you can’t charge your EV when you have black outs and we have them every summer and fall.
I live just north of Petaluma. You socal or up here?
Yea I do.
You are wrong. They are asking customers to refrain from daytime charging, but “they” isn’t govenor newsom. Newsom has asked PG&E to do his dirty work as he’s too cowardly to ask his voter peasantry to not plug in the cars he approves of.
Maybe the grid of the US, but here in TX in a twist of irony it runs 23% I think. And today (windy and low demand) it is running closer to 55%. I do think that the greens are delusional in the pace at which carbon can be completely eliminated but it is better than 2% in TX. Way better. Even on a still day we get around 7%. The numbers are on ERCOT’s website for all to see. Pretty cool really to see how power use fluctuates almost 2:1. Lowish is 40GW and highest I’ve seen is 77. I’ve seen wind hit 24GW and solar tops around 10.
Obviously these are inconsistent and unreliable.
20% of US electricity is generated from renewable sources.
The sun rises every morning. Wind is always blowing somewhere. Electricity generated from Hydroelectric dams, landfill gas or trash incineration can be used to fill the some of the gaps.
That certainly sounds cleaner than lean fuel…🤦♂️
Cherry picking. What about the government backed loan to Tesla?
Just outa curiosity, can you say anything beyond Solyndra?
Well if it wasn’t obvious before what the agenda was, it is now. The same could be done to boost oil production & create energy independence….
Big differences, you’re talking about a mature industry that probably won’t grow much globally before likely declining versus an upcoming one that will grow fast and be globally important for a long time to come. US oil producers could already increase production without any help from the government, but they got burned back in 2014-2015 when OPEC cranked up and pushed down the wild west of US fracking that had blown up earlier in the decade. Companies are being much more conservative this go around instead of over leveraging like before – a lot of big and small companies and lenders lost money, so they are trying to avoid that again.
I’d rather us do renewables and clean energy.
The reason we aren’t seeing faster increases in oil production is due to oil companies are more interested in boosting profits over boosting production. Their financers and investors are demanding the same thing from them as well.
I only watch cnn nobody watches Fox News. We all know joe Biden is the worst president ever.
CNN has no viewers and Fox outdraws all cable news outlets. I hope you were being facetious.
The reality is the futures trading on oil or the lack of supply created last January when Biden stopped permits to drill. The Euro issues just aggravated it.
Announce tomorrow that permits are granted and pipe lines restarted the investors will drop oil as supplies will come back.
Oil is a traded commodity and is based on future supplies and demands.
Keep in mind the US dollar is based on oil not gold. This is why so many want to remove oil as it will weaken the Dollar and promote a global currency.
It is the open boarders and globalist at work here.
Beep beep beep
Ummmmm are you high?????? Why would USA oil companies cead 80% production in cases of many independent companies for 50% increase in prices? Understand that exons’s gulf investments aren’t being affected, but all the smaller independent companies that aren’t in with opec are the ones that are getting cut. They are the ones who blew out the saudis in 2014.
For the 50 percent increase in prices.
No company wants to invest millions in a new well when JOEBLOW could pull the permit next month. He pulled permits on operating wells when he got in office and no one trusts him. He is the Enemy of US Energy Independence. A TRAITOR.
Anyone ever heard of Mao Zedong? The great Chinese struggle? The great Chinese famine? Mao declared a war on the birds to boost crops….. birds ate the locust, no birds, more locust, famine, 10 million died. Mao wanted an industrial revolution, mandated farmers smelt iron, no crops were planted, 10 million died. LET FREE ENTERPRISE WORK!!!!!
I’ve been the biggest skeptic of BEV’s since day 1 because history has shown that NASA chose hydrogen, not reactive metals to power their rockets because nothing has a higher chemical energy density. Hydrogen is highly unstable, but more stable when bonded to carbon, so the future until you can run cars of tritium or other nuclear power is hydrocarbons. This is a failing fad pushed for political purposes, and will fail as such. The fact that the Build Back Better people are wanting to use war powers to push it shows that despite a media monopoly, and big tech going 100% in on it, people don’t buy their bull.
I like EVs though.
Then tell Biden and the democommies to stop mandating them. If they mandate them what has always happened in this situation is these systems/products get rejected and go away. Let the market work. Tesla is doing Ok, and will continue to make decent products, as long as they don’t turn off customers to EV’s in general with a slew of cars that are unpopular unreliable and unaffordable.
Why would I do that if I like EVs.
Your comment is spot on. However, one correction or bit of applied science information:
Cummins Inc. of Columbus, Indiana has taken a diesel block and head and has designed and installed a fuel pump that delivers 100% pure corn Ethanol to the combustion chambers. The torque, speed, efficiency fuel consumption and output put is similar to diesel. Emissions are zero. Purely heat. The engine is in test. American corn belt farmers and Archer-Daniels-Midland are clicking their heels.
So as the Paisan Dons say ” Fogetaboutit”, as to electric vehicles. You can bet your boots that Cummins as the largest truck engine maker in the world will prevail in this development as we say bye bye to electrics, diesel, hydrogen and gasoline power.
This whole crazy electric vehicle flavor of the moment thing will fizzle with this zero emission 100% pure Ethanol engine by Cummins. Patents applied and pending. Stay tuned for more on this. Very exciting.
Amazing what tangible beneficial things happen in the heartland versus the coasts.
Give it 2 days and sleepy Joe will walk it back like everything he said.
Let’s be honest. Biden isn’t invoking anything, he can’t even answer questions without cheat cards and he can barely stay awake and read a teleprompter. The real president “Barack Obama” will be invoking the cold war powers. Like he said in a video, his dream would be to have a 3rd term where he could make all the decisions behind the scenes and have a stooge as the acting president. Who better then a 79 year old man with dementia.
Biden’s livin’ in your noggin rent free.
No genius. I am paying a premium for him living in my head since he is the current president on paper. It’s you TDS sufferers that have the issue of rent free. Trump in no longer president and yet that’s all you people talk about. Just ask Howard Stern, Jimmy Kimmel and the rest of the leftist.
You brought up Trump not me.
That’s where the term comes from. Try to follow along.
The term comes from you bringing it up?
You brought up Trump not me.
Wait were they really close friends? Didn’t know that about him. That sucks.
I know that’s right
It’s so nice having a president again after that debacle with the last guy.
Afghanistan has many of those metals reserves.
Should of made a deal for some of those on the way out.
He knows the dems are gonna lose everything in November and frankly they deserve what is coming to them and I am going to enjoy every single bit of it.
Still can’t make me want one or buy one!
Good thing you don’t live ( I hope ) in Washington State or Californication where they will soon be mandated by the State Tyrants !
Another reason that Biden and Dims will be one-termers.
Oh goody ! More Bidenflation on its way !
I have always trusted the federal government to make smart economical decisions regarding my future. They have a stellar record for creating jobs and stabilizing the world. They have always kept taxes and regulations to a minimum allowing business to flourish and expand and the citizens freedom is at the top of the list. Fools, all of them.
Biden also plans to use the cold war powers act to boost adult diaper production…he soils one every hour or so.
This is the most stupid thing that Biden can do. He needs to put the money in our national electrical grid – until we have the electrical grid infrastructure to serve the additional load, this makes absolutely no sense. He also needs to get China out of our national electrical grid system.
Ok I understand resourcing out of China, but if EV production stopped tomorrow it would not impact the National Defense. That part is just graft to the Climate constituents.
Source materials for Lithium Ion batteries for US production are billions of tons of brine Lithium from Southern California – Salton Sea in the Mojave Desert and Searles Lake at Ridgecrest. Nickle from Sudbury, Ontario. Cobalt from the Congo (No Cobalt in North America). Graphite – common mineral, Manganese – Australia, etc.
Most of the big non coal mining companies are foreign owned. Huge players like RTZ, BHP, etc., are controlled by the Rothchild family in England. There are only three large US based non coal mining companies, Freeport McMoRan in Phoenix, Newmont Gold in Denver, and Cleveland Cliffs, (iron ore) in Cleveland.
While this move by Brandon and his planners is well meaning to support the EV industry, Brandon needs to consider other US industries that need support that have been hijacked by the Chinese such as furniture manufacturing, footwear, equipment parts (Caterpillar has moved major metalworking operations in Illinois to China – Asiatrak ).
When the USA and China eventually go to war, it’s not a matter of if, but when, the USA needs to have China controlled formerly dominant American industries positioned back on US turf.
The world is in a huge mess right now. With the War in Europe, Run a way inflation, Cyber fraud and the Russia-China-India alignment. Adjustment will take place, however at great cost like in previous major wars.
This battery material sourcing move by Brandon and his planners is a promotional hype to further energize the naive American public to thinking EV’s are a cure all for future transportation needs and climate management. EV’s are not the answer to climate management.
Brandon and his planners should be thinking of a set of three large water transmission pipelines from the Great Lakes to California and resumption of the Keystone XL pipeline.
This not a Trump fan comment, but when Trump was President he was working to bring back manufacturing back to the USA. A country that has no manufacturing has no way to support itself if it is cut off from other countries – namely China. Biden removed all tax incentives for companies wanting to bring back manufacturing to America. Ford was shamed from moving a plant to Mexico into staying in the US, but as soon as a Biden became president Ford lost all revenue incentives to stay here in the US and Americans lost their jobs…..thanks to Biden – that’s how he builds back better.