Slow Permitting Process Could Undermine Biden’s Aim of Boosting Domestic Mining
Batteries are poised to play a major role in industries over the next decades amid global efforts to cut down reliance on fossil fuels and switch to sustainable energy. In plenty of countries, this involves steadily replacing conventional gasoline-powered cars with battery electric vehicles (BEVs) that are powered by lithium-ion battery packs. The efforts will also involve significant investment in stationary power-storage solutions that will be used to store power during off peak hours before releasing it back into the grid during peak consumption hours. However, a significant chunk of battery metals are processed in Asia, more specifically China, and…
