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Biden Poised to Use Cold-War Powers to Boost Battery Metals

• ryzvonusef 5y ago
  >Adding minerals like lithium, nickel, graphite, cobalt and manganese to the list could help mining companies access $750 million under the Defense Production Act’s Title III fund, the people said. The move also could aid recycling of battery materials, one of the people said. >Instead of loans or direct purchases for minerals, the directive would fund production at current operations, productivity and safety upgrades, and feasibility studies, the person said. In addition to EV batteries, the directive also would apply to large-capacity batteries. >While DPA would provide easier funding access to elevate battery metal projects, it does not speed up the permitting process to get mines approved.