According to Mining. The com website reported that the Republican Senate and the Democratic Party headed by Lisa Murkowski jointly proposed a bill to reduce external dependence and improve mineral resources and supply chain security. The new American Minerals Security Act lists lithium, graphite, cobalt and nickel as "critical minerals" for the automotive and energy industries.
Mukowski said at the Benchmark Minerals Summit last week that US mineral safety is important and urgent, but its challenges are often overlooked. The key US mineral consumption is heavily dependent on foreign countries, affecting employment, weakening economic competitiveness and exacerbating geopolitical risks.
According to the US Geological Survey (USGS), more than half of the 48 US minerals consumed in 2018 are imported, and 18 of them are completely dependent on imports. Minerals that rely entirely on imports include rare earth elements, graphite and indium.
Simon Moores, manager of Benchmark Mineral Intelligence, a battery raw material consultancy, said that lithium-ion batteries are as important as oil in the 20th century in the 21st century. At present, lithium production in the United States is less than 1% of the world, and lithium chemicals account for only 7%. There is no cobalt mining and chemical production capacity in the United States. There is no scale graphite mine in the United States, and there is no graphite cathode production capacity. Nickel production in the US mine is less than 1% of the world's, and there is no nickel sulfate production capacity.
As the director of the Energy and Natural Resources Committee, Mukowski has proposed similar bills in the past, including key minerals in the energy bills proposed during the 114th and 115th Congress.